✈️ Exclusive Benefits for Readers
Verified codes to save on your next trip.
One more time Colombia sets a precedent in all Latin America when looking for alternatives to boost aviation, The country seeks to reduce VAT on tickets and fuel.
The market in the region continues to grow daily, but there are some factors that limit or slow down growth as they have been very clearly marked by organizations such as IATA.. Fees, taxes and infrastructure are the main.
within this framework, Colombia has started a new project, which was already presented before the National Congress of this country and which had already been advanced in the Aviation Day Colombia 2018, with the aim of reducing taxes on the airline industry and thus, considerably increase the number of passengers in the long term.
With these measures, la International Air Transport Association – IATA predicts an increase in passengers thanks to the following measures proposed:
- The proposal proposes reducing VAT – Added Tax Value, to the value of the fare that is charged by the airlines in the airfare of the 19% al 5%.
- Elimination of international departure stamp duty, tax that Colombians pay for flying out of the country.
- Reduction of the special VAT paid by airlines for the use of jet fuel.
Another country that has been an example for the region is Chile, which has reduced since last year, initially from $30 a $2 dollars the international departure rate, which has meant an incredible increase in traffic in more than 12.1%.
Data
According to figures published by the International Air Transport Association – THERE IT IS, the relationship taxes and rates On average, air tickets in the region represent between $20 dollars for domestic flights and on $100 dollars on international flights, braking noticeably than flying, be of access for all.
with this measure, It is expected that on domestic flights an increase of more than 2,2 million passengers annually and that 3,3 million international passengers move to more than 7 million annually.
What is achieved in Colombia comes hand in hand with the efforts and commitment of the Latin American and Caribbean Air Transport Association – HIGH, which aims to improve the country's competitiveness in the region where the positive impact of the measure would be seen in an increase in income to the State, since an economy of scale is immediately applied, having as a reference that instead of having 1.000 passengers paying $100 tax, there will be 3.000 paying $50. Too, the entire productive circle that moves around the airline industry is stimulated.
The rest of the Latin American countries hope that this example will be taken into account as a reference for similar projects in each country., for the growth of the entire region in general.
✈️ Exclusive Benefits for Readers
Search here for hotels ALL over the world at the best price.
