Colombia Tax Burden on Foreign Firms Could Hit 90%

2026-03-16 - 14:23

Key Points — Colombia’s emergency wealth tax (Decree 0173/2026) now applies to branches and permanent establishments of foreign companies with net assets of COP$10.5 billion ($2.4 million) or more, at rates of 0.5% to 1.6% — When combined with the 35–40% corporate income tax, 19% VAT, dividend withholding, municipal industry taxes, and financial transaction levies,