Colombia unveils EfectIVA VAT rebate program for 19M citizens

Colombia's government announced EfectIVA, a program to refund the 19% VAT on basic goods (fruits, coffee, internet, movie tickets) to 19 million people. The measure is a fiscal policy shift aimed at cushioning the tax burden on lower-income households, but details on funding and implementation remain unclear. It signals a populist fiscal stance that could affect public finances and inflation expectations.

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