With the beginning of 2023, prices for various products will increase. These changes are due to several factors: inflation of 12.53%, the increase in the minimum wage and the tax changes introduced by the new government of Gustavo Petro. In the case of the minimum wage, it increased by 16%, which entails adjustments in several sectors that adjust their prices to this level.
This year, too, the value of the tax value unit (UVT) rose by 11.5% to $42,412. This number is used to measure the value of taxes and obligations, such as: B. the income tax return, the consumption tax, the withholding tax deduction and others. It is important to remember that 85 products, tariffs and economic activities have been de-indexed from the minimum wage so that their prices do not increase for the new year 2023.
Which products and services will be on the rise in 2023?
Among the products and services that will increase is the price of gasoline, which increased by 400 pesos per gallon of regular fuel and 65 pesos per gallon of ACPM. Airline tickets will also increase and will increase significantly by 2023 as airlines will charge 19% VAT again.
Likewise, from January 16, 2023, the value of the 30 tolls collected by Invías will increase according to the consolidated inflation of 2022. Although Dane is not expected to release this data until January 5th, it is expected to fluctuate close to 12.53%, which corresponds to the increase in the CPI in November. On the other hand, in the real estate issue, rents will increase in December 2022 in relation to inflation, which will also be announced on Thursday 5th.
It was also known that two taxes that will continue to be felt in 2023 are the 40 percent tariff on imported clothing (such as coats, capes, jackets, suits, jackets, trousers made of wool, cotton, synthetic or artificial fibers) and 35% on imported shoes.
