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Colombia’s 2026 tax reform bill, submitted 1 September 2025, aims to raise COP 26.3 trillion, revising VAT, personal income tax, net wealth tax, and capital gains tax to strengthen government revenues.
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Key VAT changes include 5% reduced rate for hybrid vehicles, removal of tourist service exemptions for foreigners, and phasing out preferential liquid fuel rates between 2026–2028.
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Personal income tax top rate rises to 41% for incomes above 31,000 UVT, while financial sector surcharges increase to 15%, and coal and oil surcharges are harmonized under the reform.
Source: www.fiscal-requirements.com
