It's a relief for the regions: Governors after the Court's ruling on tax refund
The Constitutional Court's decision to order the refund of taxes collected from the increase on products such as liquor, cigarettes, and gambling generated immediate reactions among the country's governors.
TL;DR
- The Constitutional Court ordered the refund of taxes collected from an increase on products like liquor, cigarettes, and gambling.
- Governors view the ruling as fiscal relief and a win for regional autonomy.
- The decree that temporarily increased taxes was declared unconstitutional.
- The tax authority must now return the resources collected during the specified period.
- Some governors highlighted the positive fiscal impact and called for a broader discussion on Colombia's tax model.
- The president of the National Federation of Departments called the ruling a 'relief for the country' and a 'triumph of institutionalism'.