Colombia
Legislative Decree 0240/26 adopted additional tax measures aimed at raising further revenue to address the expenditures derived from public calamity
KEY ASPECTS
- National consumption tax on online gambling: A 16% consumption tax is levied on deposits made by bettors to online gambling operators. The taxable base is gross game revenue (GGR).
- Tax relief mechanisms: Taxpayers with outstanding tax, customs or foreign exchange obligations in arrears as of 12/31/ 25, may benefit from reduced penalties (to 15%) and a moratorium interest rate of 4.5%, provided full payment is made by 04/30/ 26.
- Administrative litigation settlement: DIAN is authorized to settle contentious-administrative proceedings in tax, customs and foreign exchange matters, with reductions of 80% to 85% of penalties and interest depending on the procedural stage, until 06/30/ 2026.
- Tax normalization tax: A 19% tax normalization tax is created for taxpayers with omitted assets or non-existent liabilities as of 04/01/26, to be declared and paid by 07/31/26.
- Equity tax: Permanent establishments (including branches) of foreign entities are now included as taxable subjects of the equity tax. The triggering date for these subjects is 03/ 31/26, and the filing and first payment are due on 04/ 30/26.
- Accounting treatment of the equity tax: Taxpayers may record the equity tax against reserves or against income for fiscal year 2026. In no event shall the amount paid be deductible or creditable against income tax.