Iata warns about the consequences of raising VAT on air tickets – Sectors – Economy
As a result of the increase in the prices that air tickets will have in Colombia due to a higher VAT from 2023, the International Air Transport Association (Iata, for its acronym in English) foresees a possible contraction of demand that could contribute to a loss of the socio-economic benefits that aviation brings to the country.For this reason, he called on the Colombian authorities to review the market conditions so that "the aviation sector and tourism do not lose competitivenessdynamism, and the strong recovery process they have had so far after the pandemic".Also read: Airlines would be willing to lay…
