Colombian Tax Reform Aims to Raise Billions

The Colombian government has taken a significant step by introducing a tax reform bill to Congress. The bill seeks to collect 26.3 trillion pesos, equivalent to $6.54 billion, to support the 2026 expenditure budget.

Finance Minister's efforts align with the government's broader economic strategy to ensure fiscal stability and address upcoming financial needs.

As the conversion rate stands at 1 dollar to 4,018.41 pesos, this reform is pivotal for Colombia's economic landscape.

(With inputs from agencies.)