Automotive Sector: Combined Tax Impact from Higher Import Tariffs and Vehicle Taxes
Tariff Changes on Imports of Internal Combustion Vehicles and Motorcycles (gasoline or diesel) Through Decree 1432 of 2025, Colombia increased import tariffs on vehicles and motorcycles powered by gasoline or diesel engines. The measure is intended to address negative externalities by reducing reliance on fossil fuels, which currently account for 95.9% of the country’s energy […]