TAX RATES

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Tax rates are percentages calculated on the basis of the tax, It’s the payment made by a person using a service. These values help us know how much tax we pay for us to be given a specific service by the government. (Gerencie.com, 2016).

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In accordance with Article 424 of the Constitution of Colombia, some fruits like bananas, guava, mango, pears, etc., are excluded from VAT. (Beltran, 2016). Thanks to this, allows us to buy more products incur lower costs, because in large amounts the VAT becomes expensive.

We must also take into account taxes to be paid the Colombian government and that increase costs and increased foreign currency also other expenses add up. (Gestion Legal Colombia, 2016). Tax rates are continually changing values, and tend to conform to the current economy.

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Tax rates change constantly and are an important factor for businesses since when buying raw materials taxes are paid, to transport and sell well. So we must consider all taxes and fees for precise calculation of costs and expenses incurred by our company.

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BIBLIOGRAPHY

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Beltran, Y. (2016). IVA en el sector agropecuario mayo 04 - SAC - Sociedad de Agricultores de Colombia. [online] Sac.org.co. Available at: http://www.sac.org.co/es/ambito-juridico/documentos-de-analisis/173-iva-en-el-sector-agropecuario-mayo-04.html [Accessed 14 Aug. 2016].

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Gestion Legal Colombia. (2016). Impuestos para empresas Colombia - Impuestos Colombia - Abogados en Colombia. [online] Available at: http://www.gestionlegalcolombia.com/impuestos-empresas-colombia.html [Accessed 14 Aug. 2016].

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Gerencie.com. (2016). Concepto y definición de tasa | Gerencie.com. [online] Available at: http://www.gerencie.com/concepto-y-definicion-de-tasa.html [Accessed 14 Aug. 2016].