Colombia Proposes Major Tax Reforms for 2026: VAT, Income, Wealth, and Crypto Changes

• Major tax reforms proposed for 2026 budget in Colombia
• Changes affect VAT, personal income tax, net wealth tax, and capital gains tax
• New tax rules introduced for crypto-asset transactions
• Standard 19 percent VAT rate to apply to games of chance, excluding lotteries
• 5 percent reduced VAT rate for hybrid vehicles to be eliminated
• VAT exemption for tourist services used by foreign residents to be removed
• Preferential VAT rates for liquid fuels to be phased out between 2026 and 2028

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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