DECREE OF THE MINISTRY OF FINANCE
Regulation of the National Consumption Tax of Plastic Bags
Plastic bags that offer environmental solutions will have differentiated rates
The Ministry of Finance enacted Decree 2198 of 2015 related to the National Consumption Tax of Plastic Bags and established the differentiated tax rates applicable to plastic bags that offer environmental solutions.
Plastic bags will have differentiated rates of 0%, 25%, 50% or 75% from the full value of the tax rate, if they meet requirements in terms of biodegradability, percentage of recycled material in the composition of the bag and reuse. Moreover, it was established that biodegradable plastic bags that fulfill certain biodegradability requirements will not be subject to the National Consumption Tax of Plastic Bags.