Tax Burden of the Liquid Fuel Industry

How heavy is the current tax burden borne by the Colombian liquid fuel industry?

Project details

  • Client

    Asociación Colombiana del Petróleo (ACP)
  • Services

    Analysis of the Colombian liquid fuels‘ industry tax burden and policy recommendations.

  • Team in charge

    Marcela Meléndez

  • Year

    2016
  • Categories

Project summary

Colombia reformed business‘ taxes in 2012 and then in 2014. The 2012 reform had an uncertain effect on the tax burden borne by busineses that depended on their particular characteristics, while the 2014 reform unequivocally incresased it.

The government has announced a new tax reform for 2016 to raise additional income. 

In this context, the liquid fuels‘ industry wanted an independent assesment of its tax burden and a set of recommendations to shape its position in the upcoming policy debate.

 

Highlights

  • Deliverable: Consulting report.
  • Presentations: Asociación Colombiana del Petróleo (ACP), April 2016.