The project seeks to raise $ 26.3 billion with adjustments to VAT, rent, heritage and new consumption taxes and fuels.
The Government presented in Congress the Financing Law (Tax Reform) project with which it hopes to raise 26.3 billion pesos for next year’s budget. The proposal includes modifications to income and assets tax, VAT adjustments that extend the list of taxed goods and services, and changes in tax taxes.
Among the central points are VAT to fuels, parking lots and gambling, as well as the inclusion of liquors and wines with general rate. It also contemplates the strengthening of carbon tax, new taxes on health -associated products and a more progressive income scheme for natural and legal persons.
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The project begins its legislative procedure in the House of Representativeswhere the viability of each measure and its impact on public finances and consumers will be discussed.
VAT and Consumption
The initiative extends the basis of VAT to new goods and services. Among them are included Luck and chance games, administration fees in non -residential horizontal property and parking services.
In fuels, Gasoline and ACPM will have a VAT of 10% in 2026 and 2027, with transition to the general rate in 2028. Biofuels and fuel alcohol also enter the gradual scheme.
The liquors, wines and snacks will be taxed with the General VAT rate, of which 5 points will be assigned to the departments to finance health.
Some basic goods such as wheat, Industrial rice, raw vegetable oils, sugar, coffee, pasta and bakery will retain a reduced 5%rate.
In terms of consumption, it is established A 19% tax for entertainment, cultural, sports and recreation services greater than 10 UVT. In addition, family vehicles, camperos and pick-up will be taxed according to their FOB value: 8% for children under USD 30,000 and 19% for those of greater value.
Rent and heritage
Financial institutions, insurance and stock exchange commission agents will pay a 50%income rate. For the oil and coal sector, additional surcharges between 0% and 15% are established, according to the evolution of international prices (Brent and API2).
In natural residents, new marginal rates are introduced to the 41% for high income, together with an adjustment of the retention tables at the source that will apply since July 2026.
The patrimony tax is consolidated, applicable from the 40,000 UVT (approximately $ 1.8 billion), with progressive rates between 0.5% and 5%.
Occasional gains and dividends
The reform establishes that the disposal of fixed assetsS It will only be considered occasional gain if the possession is four years or more.
Inheritance, donations, rifas, lotteries and bets will have a 30%rate. In the case of dividends paid to non -residents, the rate passes to 30%.
Environmental taxes
A special tax of 1% on the extraction of hydrocarbons and coal is created. The National Carbon Tax will have a value of $ 42,609 per ton of CO₂ from 2026, with graduality in the case of coal until reaching the full rate in 2029. In the Amazonian and Chocó, the gasoline and the ACPM areas will be exempt.
Additionally, incentives are promoted for investments in renewable energy, efficient energy management and energy transition projects through bonds that will allow to 50% of these investments.
Other provisions
The project includes price marking rules and a transition period until 2026. DIAN will receive greater faculties in control and control. The Ministry of Finance argues that the reform is necessary to guarantee fiscal sustainability and compliance with public debt commitments, while financial and mining-energy unions warn that the greatest tax burden can impact investment and economic growth.
Source: Integrated information system
