Ley 534 de 1999 | Ley 534 de 1999 — Colombia law | Esheria

Ley 534 de 1999

This provision is the preamble of Law 534 of 1999, which states that the law establishes a development levy for the modernization and diversification of the tobacco subsector and sets out other rules.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 534 de 1999
Version
Undated source snapshot
Language
es
Updated
Official source
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agricultural sector agricultural support board governance budget approval committee composition compliance contabilidad contract administration cooperatives cumplimiento de obligaciones deductions depósito de recursos fiscal contribution collection fund allocation fund management funding gasto e inversión governance investments legal effective date levies levy levy collection multas +19 more

Statute overview

About this statute

This provision is the preamble of Law 534 of 1999, which states that the law establishes a development levy for the modernization and diversification of the tobacco subsector and sets out other rules. This article defines the tobacco subsector as agricultural activity for growing, collecting, and processing tobacco leaf. This article establishes a parafiscal development fee for the tobacco subsector. Creates the National Tobacco Fund and directs tobacco levy proceeds into a special account for the law’s objectives. Anyone, whether a natural person or a legal entity, who grows or exports tobacco is subject to the contribution fund for modernization and diversification of the tobacco subsector.

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