- On May 28, 2025, the Colombian Finance Department issued decree 572, effective June 1, 2025, increasing self-withholding tax rates and reducing minimum thresholds for various withholding taxes.
- The minimum amounts for withholding taxes have been significantly lowered for services (from 4 UVT to 2 UVT) and other income (from 27 UVT to 10 UVT), along with similar reductions for ecclesiastical retributions and agricultural goods.
- The threshold for the 1% withholding tax rate on residential real estate purchases was decreased from 20,000 UVT to 10,000 UVT, while the rate for international gold purchases increased from 1% to 2.5%.
Source bu.com.co
