Colombian President Ivan Duque said on Sunday he would withdraw a proposed tax reform after sometimes violent protests and widespread lawmaker opposition.
Duque said on Friday the law would be revised to remove some of its most controversial points - including the leveling of sales tax on utilities and some food - but the government had previously insisted it could not be withdrawn.
Protests against the reform have led to multiple deaths around the country.
"I am asking Congress to withdraw the law proposed by the finance ministry and urgently process a new law that is the fruit of consensus, in order to avoid financial uncertainty," Duque said in a video.
(Reporting by Julia Symmes Cobb; Editing by Lisa Shumaker)
