Colombia’s President Duque approves new tax reform passed after protests

This proposal comes after the previous tax reform bill unleashed massive protests which began last April 28 and lasted for two months, a period which coincided with the most critical moment of the covid-19 crisis.

RIO DE JANEIRO, BRAZIL - Colombian President Iván Duque sanctioned the Social Investment Law on Tuesday (14), the new tax reform approved last week by both houses of Congress, replacing the one that provoked massive demonstrations against him on April 28.

This law aims to raise 15.2 trillion pesos (about 4 billion US dollars) to guarantee the stability of public finances and the reactivation of the economy after the ravages caused by the pandemic in the government's coffers.

Read also: Check out our coverage on Colombia

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?