IATA Warns Of Possible Colombia Flight Demand Reduction In 2023
Starting on January 1, 2023, the Colombian civil aviation industry will face an increase in fares fueled by global inflation, an increase in the prices of fuel and other key items for airlines, and the end of a Value Added Tax (VAT) reduction by the local government, a measure aimed to ease the recovery following […]
St Lucia to reduce tax
St. Lucia will reduce its Value Added Tax (VAT) rate on goods and services in retail shops, supermarkets and souvenir stores from 15% to 12.5%, prime minister Allen Chastanet said in an address to the nation. The reduction is planned to take effect Feb. 1. Chastanet said that the VAT reduction would pump more than […]
