Government sets a temporary wealth tax of 0.5% and 1.6% for the financial and mining-energy sector

TL;DR

The Colombian government is preparing decrees for a new economic emergency, centered on a wealth tax for legal entities.
The tax rate is 0.5% for all companies and 1.6% for the financial and mining-energy sectors.
The tax applies to companies with net assets over 10.4 billion pesos.
Revenue will fund immediate interventions due to the economic emergency, such as the winter crisis.
Payments are scheduled in two installments: April and May 4, 2026.
The National Federation of Merchants (Fenalco) president criticized the tax as improvised and detrimental to business growth and job creation.

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