Colombian president touts tax-free day for economic recovery


“It is a very important day to reactivate our economy and to do it responsibly, ” said Duque, calling on people to shop for the holidays and avoid crowds, wear face masks and maintain social distancing.

BOGOTA: Colombian President Ivan Duque on Saturday urged the public to utilise the year’s third and final value-added tax (VAT)-free day to re-energize the country’s pandemic-hit economy.

For 24 hours, VAT, which in Colombia is set at 19%, was to be suspended on all retail sales on Saturday.

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