Colombia 2026 Emergency Tax Reform: Key VAT, Excise, and Consumption Changes Explained

• The Colombian government issued a temporary emergency tax reform for 2026, despite legal and political challenges.
• Online gambling will be subject to a 19% VAT on gross gaming revenue, changing the previous calculation method.
• The VAT on liquor, wine, and similar beverages increases from 5% to 19%, with additional excise taxes applied.
• Excise taxes on cigarettes and tobacco products are raised, with both specific and ad valorem components.
• VAT exemptions for courier shipments are reduced, and consumption taxes on certain vehicles, motorcycles, yachts, and aircraft are increased.
• The reform also includes changes to corporate income tax, equity tax, hydrocarbon and coal sales tax, and introduces a new normalization tax, pending Constitutional Court review.

Source: vatabout.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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