Colombia's President‑elect De la Espriella to unveil tax reform in September FAST-MOVING
The incoming Colombian administration will file a new tax‑reform bill in September 2026, after first implementing a fiscal‑adjustment plan made up of administrative measures that do not require congressional approval. Finance minister Miguel Gómez Martínez said the adjustment will signal fiscal discipline and restore confidence among investors and international organisations.
The reform is set to lower the corporate income‑tax rate, eliminate the unpopular 4 × 1000 financial‑transaction levy on bank withdrawals, and broaden the tax base by cutting exemptions and revising deductions. It also proposes an overhaul of the DIAN tax authority, focusing it on three pillars – income tax, VAT and an external VAT – to improve efficiency.
The team also criticised the outgoing government’s tax proposal, calling it poorly targeted and expecting Congress to archive that bill so the new initiative can proceed.
Entities: Abelardo De La Espriella · CAF (Development Bank of Latin America and the Caribbean) · Colombia · DIAN · Miguel Gómez Martínez
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The reform seeks to broaden the tax base by cutting exemptions and revising deductions.
- [● 7 SOURCES] The incoming Colombian government will present a tax‑reform bill in September 2026.
- [● 2 SOURCES] The reform plan includes a reduction of the corporate income‑tax rate.
- [● 6 SOURCES] The incoming administration criticises the outgoing government's tax proposal and expects Congress to archive it.
- [● 7 SOURCES] Before the tax reform, the administration will implement a fiscal‑adjustment plan consisting of administrative measures that do not require congressional approval.
- [○ 1 SOURCE] The reform proposes eliminating the 4 × 1000 financial‑transaction tax on bank withdrawals.
- [● 7 SOURCES] Finance minister Miguel Gómez Martínez announced the fiscal‑adjustment plan and upcoming tax reform.
- [○ 1 SOURCE] The DIAN tax authority will be restructured to focus on income tax, VAT and an external VAT.