With Petro's economic emergency, 3,000 Antioquian companies will pay $1 trillion in wealth tax
Starting this Wednesday, the wealth tax for legal entities will take effect, created by Decree 173 of 2026 within the framework of the economic emergency to address the winter wave affecting more than 60 municipalities. The truth is that the Directorate of National Taxes and Customs (Dian) estimates that around 12% of the collections will come from the coffers of Antioquian companies.
TL;DR
- A new wealth tax for legal entities is now in effect, created under an economic emergency decree to address the winter wave.
- The Dian estimates that 3,000 companies in Antioquia will contribute approximately $1 trillion ($8.3 trillion total estimated collection).
- The tax has a general rate of 0.5% for companies with net worth over $10.474 billion, and 1.6% for the financial and mining-energy sectors.
- The declaration and first payment (50%) are due by April 1, 2026, with the remaining 50% due by May 4, 2026.
- Some companies are delaying payment, hoping the Constitutional Court will invalidate the decree, while experts warn this carries significant legal risks.
- Legal arguments against the tax focus on proportionality, necessity, and material conexity, with concerns that the revenue target is excessive compared to the winter wave damage.
- Industry associations like Andi and Consejo Gremial have voiced strong opposition, arguing the tax hinders investment, job creation, and economic growth.