It was published on 31 December 2013 that, during a jointly held session on 30 October 2013, the third and fourth permanent economic Constitutional commissions from both the Chamber of Representatives and the Senate approved, on first debate, bill 112/2013 Chamber of Representatives, 120/2013 Senate, which would postpone a scheduled reduction of the levy on financial transactions. If approved, the levy rate would remain at 0.4% for FY 2014 and decrease to 0.2% in 2015.
Related Posts
Colombia updates list of non-cooperative jurisdictions with low or no taxation
January 14, 2025
Colombia's Ministry of Finance issued Decree No. 1496 on 13 December 2024, updating the list of tax havens. This decree, which came into effect on 1 January 2025, includes the following 25 jurisdictions: Angola Bahamas Bahrain Cape
Read More
Luxembourg: Government Council approves ratification of tax treaty with Colombia
December 19, 2024
Luxembourg's Government Council has approved the ratification of the income and capital tax treaty with Colombia on 13 December 2024. The agreement was signed on 19 January 2024. It seeks to eliminate double taxation with respect to taxes on
Read More Colombia: Congress rejects proposed Tax Reform Bill
December 17, 2024
The tax reform bill proposed by Colombian President Gustavo Petro was rejected by the four economic committees of the Colombian Congress on 11 December 2024. The rejection of the tax reform comes after Congress also rejected the government’s
Read More Colombia: DIAN sets tax value unit for 2025
December 12, 2024
The Colombian National Tax and Customs Directorate (DIAN) issued Resolution No. 000193 on 4 December 2024, setting the tax value unit (UVT) at COP 49,799. The UVT is a tool in the Colombian tax system which allows for the annual update of tax
Read More
Colombia: Court upholds 15% minimum tax provisions
December 09, 2024
The Constitutional Court of Colombia has released a press statement detailing its latest rulings on 21 November, which upholds the nation’s newly implemented 15% minimum tax. Colombia introduced a new minimum tax, “Tax Reform for Equality and
Read More Colombia consults new tax haven list
November 28, 2024
The Ministry of Finance in Colombia has released a draft decree for public consultation, proposing a new list of 25 jurisdictions classified as non-cooperative due to their low or zero taxation (commonly referred to as tax havens). The deadline
Read More