The government has introduced new taxes on online gambling, undeclared assets, and wealth of foreign branches to fund flood relief, alongside penalties and interest reductions for overdue taxes.
Colombia has issued Decree No. 0240 of 12 March 2026, implementing new and revised tax measures to finance the state of emergency declared under Decree No. 0150 of 11 February 2026 in response to catastrophic floods and extreme weather earlier this year.
The decree includes a 16% national consumption tax on online gambling, triggered when users deposit money or crypto-assets to bet, calculated on gross game revenue over two-month periods. A 19% normalization tax is introduced for undeclared assets or non-existent liabilities as of 1 April 2026, with a declaration and payment deadline of 31 July 2026.
The temporary emergency wealth tax from Decree No. 0173 of 24 February 2026 is extended to include permanent establishments and branches of foreign entities with net wealth above COP 200,000, payable in two instalments by 30 April and 1 June 2026. Certain public utility companies, health sector entities, and state-intervened companies in affected municipalities are exempted.
The decree also provides penalty and interest relief for outstanding taxes due up to 31 December 2025 if settled by 30 April 2026, with penalties reduced by 85% and default interest lowered to 4.5%. Taxpayers involved in ongoing disputes with the DIAN can conciliate their cases by paying 100% of disputed tax with an 80–85% reduction in penalties.
All funds raised under these measures are legally earmarked to address the humanitarian and economic impacts of the floods, particularly in departments such as Córdoba, Antioquia, La Guajira, and Chocó.
UVT Reference: The tax value unit (UVT) for 2026 is COP 52,374 as per Resolution No. 000238 of 15 December 2025.
