Economy

The value of the rent is another of the items that impacts the pocket of families with the arrival of 2023. It is estimated that 35 percent of Colombians live under this type of contract.In accordance with article 20 of Law 820 of 2003, rental prices should rise the same as annual inflationwhich reached 12.53 percent in November, the highest figure since 1999.(Also read: It's official: more than 85 goods and services will not raise 16% of the minimum wage) This Thursday, January 5, the National Administrative Department of Statistics (Dane) will announce the inflation data for December and all…

The government of President Gustavo Petro had to extend the 35 percent tariff on footwear imports for three more years, when it was declared below or the same established threshold, in order to "promote the industrialization process of the footwear and thereby promoting productivity and job creation".In this way, through Decree 2632 of December 30, 2022, the measures established in Decree 2279 of 2019 were extended until December 31, 2025.(Also read: It's official: 40% tariff on imported clothing will be permanent in Colombia) Thus, the pair of shoes that continue to be imported for an FOB value less than or…

The Government extended for three more years the 35 percent tariff applied to the footwear importalthough it clarified that this measure, which will apply until December 31, 2025, does not apply to items from countries with which Colombia has current trade agreements.(Also read: It's official: more than 85 goods and services will not raise 16% of the minimum wage) The pair of shoes that continue to be imported for an FOB value less than or equal to the thresholds established between 6 and 10 dollars (depending on the type of footwear or the tariff subheading), will pay the 35 percent…

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