The Constitutional President, in exercise of his powers, has issued Executive Decree No. 198, which aims to modify the general rate of the Value Added Tax (VAT) from 13% to 15% for the year 2024. This measure is based on the evaluation of the conditions of public finances and the balance of payments, with the purpose of ensuring revenues that contribute to fiscal stability, particularly in the context of the internal armed conflict faced by the country.

In addition to establishing the new rate, the decree sets the implementation date of this adjustment on April 1, 2024 and orders the follow-up and evaluation of the collection impact resulting from this measure. 

Once published in the Official Gazette, the decree will become fully effective, thus consolidating the provisions established to strengthen the financial situation of the State.

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