06. Tax Regime

The Colombian tax regime is based on the principles of equity, efficiency and progressivity, in accordance with article 363 of the 1991 Constitution. There are different types of taxes at the national, departmental and municipal or district levels, which are levied on both Individuals and legal entities.

This chapter addresses the main corporate taxes that a person should consider in his business model. On one hand, those that are imposed to companies and, on the other, those that are imposed on their economic activity.

Therefore, you will find the following taxes levied on companies:

• National. Income tax, dividends, value added tax (VAT), consumption tax, tax on financial movements (GMF), occasional profits tax, national stamp duty, carbon tax, tax on ultra-processed sugary drinks, among others).
• Departmental. Registration tax, the excise tax on cigarettes and manufactured tobacco, the consumption tax on beers, siphons and soft drinks, the vehicle tax and the raffles, games and shows tax.
• Municipal / District. The industry tax of industry and commerce, notices and boards (ICA), the property tax, municipal stamps, among others.

To learn more about the most relevant and applicable taxes for investors, we invite you to download and consult the chapter on Tax Regime.

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