Colombia’s “National Development Plan” tax entry on imported textiles is invalid

According to Colombian comprehensive media reports on January 30, the Colombian Constitutional Court recently ruled that entries No. 274 and 275 of Colombia’s “2018-2022 National Development Plan” were due to interference in the executive with legislative power. The right was found to be invalid and should be abolished. The items involved in the case stipulate that the tariff rate on imported textiles will be significantly increased (a 10% ad valorem tax will be levied on products above 20 US dollars/kg, and the tax rate on products below 20 US dollars/kg will be increased from the previous 15% to 37.9%). In May 2019, After being approved by the Colombian Congress, it caused an uproar and was immediately appealed to the Constitutional Court by the Colombian Ministry of Finance and relevant industry organizations. The Article Implementation Act officially came into effect on November 3, 2019, and was declared “aborted” 85 days later.