Economic Rescue Law: Who Would Pay More Income Tax · TuBarco
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The Abelardo De La Espriella government’s project seeks a fiscal adjustment close to $45 billion, but its proposals raise questions about the impact on the Colombians’ pocket. Changes in VAT, income tax and health contributions contrast with the gradual reduction of the tax burden on businesses. Abelardo De La Espriella’s government presented to the House of Representatives the Fiscal Rescue Bill, an initiative that aims to reduce public spendin…
The proposal includes tax adjustments, including changes related to value added tax (VAT).
The Economic Rescue Act proposes to lower the threshold for paying income from $3.1 million monthly taxable base and to modify the VAT for various products.
The government of Abelardo De la Espriella presented to Congress the draft Law on Economic Rescue, an initiative that raises changes in the Colombian tax system, with modifications to VAT, the income tax of natural persons and contributions to the health system. The proposal, identified as Bill 477 of 2026 Chamber, was established on October 29 and seeks to stabilize public finances, reduce state spending and generate new revenues for the govern…
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