Consumer Foodservice by Location in Colombia - New Market Research Report
In December 2012 the government issued Law 1607/2012 known as the tax reform, which among other changes, included an increase in Value Added Tax (VAT) for renting premises for commercial purposes from 10% to 16%. This change may have an impact on the expansion mainly of independents that will be charged with higher operating costs. This is because the reform also created a consumption tax for non- franchised operators, which does not allow the VAT paid for other goods and...
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