# VAT: Economic rescue law proposes more tax burden

> Colombia's proposed Economic Rescue Law would eliminate the reduced 5% VAT rate and change tax exclusions. Crude soybean, palm, sunflower, cottonseed, canola and corn oils, along with cocoa and coffee, could move to the 19% general rate.

- Date: 2026-11-03 · published 2026-11-05T07:36:05.607Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/81369-vat-economic-rescue-law-proposes-more-tax-burden
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher VAT on imported crude vegetable oils would raise domestic input costs for Colombian food processors, a modest demand-side effect on oilseed oil imports if enacted.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-10-31 | [Agri-business lifts Argentine economy, amid tax ire - Digital Journal](https://feedsoft.ai/events/62383-agri-business-lifts-argentine-economy-amid-tax-ire-digital-journal.md) | -0.4% | -1.0% |
| SBO | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.0% | +4.0% |
| SBO | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +0.8% | -4.6% |
| SBO | 2024-12-19 | [California’s Proposed Cap on Crop-Based Biofuels and What it Means for Fuel Prices and Biofuel Producers - Giannini Foundation of Agricultural Economics](https://feedsoft.ai/events/15159-california-s-proposed-cap-on-crop-based-biofuels-and-what-it-means-for-fuel.md) | -0.1% | +9.1% |
| SBO | 2017-07-05 | [EPA Proposes RFS Volumes Reflective of Market Realities for 2018 \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/69848-epa-proposes-rfs-volumes-reflective-of-market-realities-for-2018-u-s-epa-news.md) | +1.8% | +2.2% |
| PALMOIL | 2021-11-17 | [EU proposes law preventing import of goods linked to deforestation](https://feedsoft.ai/events/44100-eu-proposes-law-preventing-import-of-goods-linked-to-deforestation.md) | +0.8% | -9.2% |
| PALMOIL | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.4% | +0.9% |
| PALMOIL | 2019-10-29 | [Proposal for deforestation labeling catches fire at the Commission – POLITICO](https://feedsoft.ai/events/56581-proposal-for-deforestation-labeling-catches-fire-at-the-commission-politico.md) | +13.0% | +17.4% |

## Sources

- 360radio.com.co: https://360radio.com.co/producto-pagaria-mas-iva-rescate-economico/236103/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.