Colombia: Foreign Ministry announces implementation of Free Trade Agreement (FTA) with the European Union (EU) and Peru

Colombia’s Ministry of Environment and Sustainable Development, together with the National Tax and Customs Directorate (DIAN), issued guidelines on 26 February 2026, clarifying the application of the national tax on imported single-use plastic

The Colombian government issued Decree 0173 on 24 February 2026, introducing a temporary wealth tax to finance the response to a severe climatic emergency. The tax applies to corporations with tax net equity equal to or exceeding USD 2.9 million as

The Colombian government, through Decree No. 0170 issued on 20 February 2026, has established reciprocal tariffs and entry restrictions on goods from Ecuador in response to trade measures previously imposed by Quito. The decree applies a 30% ad

Peru issued Legislative Decree No. 1714 on 4 February 2026, revising the application of advance VAT (IGV) withholding on imported goods. The changes clarify when a 10% withholding rate applies, up from the usual 3.5% or 5%, based on the risk profile

The income and capital gains tax treaty between Peru and the UK entered into force on 21 January 2026. Signed on 20 March 2025, the agreement aims to eliminate double taxation, prevent tax evasion and avoidance, and improve dispute resolution

Colombia's Constitutional Court announced on 6 February 2026 that Legislative Decree No. 0044 of 21 January 2026, which introduced a temporary parafiscal levy of 2.5% on electricity generation companies serving domestic households and required