Colombia’s Congress has reinstated the VAT-free Day, a measure aimed at stimulating the economy by exempting certain goods from the 19% Value Added Tax (VAT). While supporters like Senator Uribe view it as a lifeline for the economy and a boost for domestic production, President Petro remains critical, citing concerns about potential price manipulation and the overall effectiveness of the measure. This decision comes at a time when the Colombian economy is facing challenges such as high inflation and slow growth, and the effectiveness of the VAT-free Day in addressing these issues remains to be seen.
Colombia’s VAT-Free Day Returns Amidst Economic Concerns
Since 2018, I have lived in Medellín. My role as a digital nomad over the past decade initially brought me to the city, and I quickly became fond of it during a three-month stay. Beyond the pleasant climate, I appreciate Medellín's green environment and the nearby charming villages with unique microclimates. My interests include travel, exploring diverse cuisines, and studying history. I hope this website will enable me to share my experiences and offer insights to those curious about Medellín and Colombia.