The new tax reform of the president’s government, Gustavo Petro, was filed, the diligence was carried out in the Secretariat of the House of Representatives in the Congress of the Republic. The Government’s idea is that this bill generates a collection of $ 26.3 billion, which will serve to finance a part of the General Budget of the Nation (PGN) 2026.
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Among the main points contemplated by this bill is imposition progressivity in the various taxes raised. In these it is exalted that in what has to do with the VAT tax, this will not tax the food of the family basket, but tax benefits will be reviewed for goods and services consumed by people of higher income.
Another of the points that will have the greatest collection is that of greater taxes to the consumption of liquors and tobacco. It is also proposed to increase tax collection such as carbon, consumption and healthy taxes.
Tax Reform
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And another main axis of the bill is related to strengthening the Income and equity taxes.
“We have fulfilled the commitments that we have made as a congress, we hope that there is a serious and responsible debate, that it is a debate in which the opinions of the different social, political, union and economic actors of the country are heard, in that sense we believe that guaranteeing the economic and fiscal stability of the country is a priority in which all the actors of the social and economic road of the country must interlut and what we are building is a great fiscal pact. financing needs of the year 2026, but we are guaranteeing through this Financing Law the fiscal and macroeconomic stability of the country for the next government ”, Germán Ávila, Minister of Finance and Public Credit said.
What will be the most impacted sectors with this new tax reform?
According to the document that presents 94 articles, the main points that this bill has are related to measures aimed at reducing tax spending, adjustments to sales, income tax, equity, occasional gains, utility in the disposal of fixed assets, environment, Public health, international taxation, among others.
Under this context, the document is highlighted that, as of the first day of the month following the validity of this law, the assets subject to the consumption tax of liquors, wines, snacks and the like, and those that are subject to the payment of the participation that apply in the departments that exercise the monopoly of distilled liquors, are given five percentage points in favor of the departments in favor of the departments in favor of the departments in favor of the departments in favor of the departments, in favor of the departments, in favor of the departments. health assurance and according to the methodology defined by the National Government.
The rates for the consumption tax of cigarettes and elaborate tobacco, derivatives, substitutes or imitators will be the following: For heated tobacco products (PTC) for a specific component $ 11,200 for each pack of twenty (20) units or proportionally to its content. The rate For each gram of sting, shame or chimú will be $ 891.
“By an AD VALEM component that will be settled by applying a 10% rate on the sale price to the public annually by the DANE. This AD VALEM component will be settled and paid by each twenty (20) units or proportionate product. Highlight a part of the document.
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In the VAT Tax segment, the tribute to games of chance and luck, both physical and digital, administration quotas, non -residential horizontal property, will also be extended, VAT will increase to the fuel sector. 5% are currently paid in gasoline and diesel and it is expected to increase at 10% by 2026 and 2027 so that it progressively reaches 19% in 2028. To this is added a VAT payment for biofuels and biodiesel.
Meanwhile, a tax series is raised in the Income Tax, one of the most representative is the one that will be imposed to the financial and insurers sector, which if this tax reform is approved must pay a 50% rate for rent (35% general + 15 additional points).
In turn, the churches or religious confessions that obtain income from the development of commercial activities will be taxpayers of the Income Tax and complementary of the ordinary regime on such income, and must separate their income, costs, expenses and assets of the activities that maintain the Treatment of non -subject to income tax.
Also, national societies and their assimilated, permanent establishments of outside entities and foreign legal persons with or without residence in the country, must add to the income tax rate some additional points when they develop the extraction of Hulla, of oil, which will go from 0 to 15 additional points.
Many of the exemptions do not have a technical livelihood, nor are they evaluated with periodicity.
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Increase rent to natural persons
Another tax that would rise in this tax reform is the increase in the income of natural persons. According to the document, the income between 0 to 1,090 units of tax value (UVT), that is, between 0 and $ 54 million will not have an increase in income tax, but from $ 54 million to $ 84 million must pay a 19%rate.
The rate will continue to increase from $ 84 million to $ 204 million with 29%, between $ 204 million and $ 431 million must pay 35%, between $ 431 million and $ 944 million must pay 37%.
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This will continue to increase for revenues between $ 944 million and $ 1.5 billion They will have a 39% and higher rate to this amount must pay 41%.
Dividends will also present some adjustments. The income tax rate corresponding to dividends or shares received by companies or other foreign entities without main domicile in the country, by natural persons without residence in Colombia and by ilíchid successions of causes that were not residents in Colombia will be thirty percent (30%).
Leidy Julieth Ruiz Clavijo
Portfolio journalist
