- The Colombian Government issued Decree 1474 under an Economic Emergency to introduce temporary tax measures for 2026 after Congress rejected its tax reform.
- The 2026 budget was approved unbalanced; the emergency’s validity is under Constitutional Court review.
- VAT and excise taxes increased on liquor, wine, tobacco, and cigarette substitutes; courier shipment exemption lowered to US$50.
- Consumption tax rates increased for motorcycles >200cc, luxury vehicles, yachts, and certain aircraft.
- Equity tax threshold lowered and rates increased; no equity tax for companies filing CIT returns.
- 1% tax on first sale/export of hydrocarbons and coal extended through 2026.
- New 19% normalization tax on undeclared assets or non-existent liabilities as of 1 January 2026, with payment due by 31 July 2026.
Source: fiscal-requirements.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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