Ecopetrol Faces $1.48 Billion Tax Bill in Colombia

MT Newswires Live

01/26

Ecopetrol (EC) said late Friday that Colombian tax authorities have confirmed a 5.3 trillion-Colombian-peso ($1.48 billion) tax assessment against the company.

The amount relates to certain value-added taxes on gasoline imports and a penalty accrued between 2022 and 2024, the company said.

Ecopetrol said it plans to pursue the appropriate legal action to challenge the ruling.

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