OECD Tax Policy Reviews: Colombia 2022

Annex C. List of Corporate Income Tax Expenditures

This Annex includes the complete list of Corporate Income Tax Expenditures that were identified in Colombia as part of the project.

Table A C.1. Identified Corporate Income Tax Expenditures (legal persons)

ID	Type	Tax Expenditure	Legal Reference (Law/Article)		Revenue forgone estimate available
E1	Exempt income	Agrotourism services (20 years). A 20-year exemption for income derived from the provision of agroturism services.	Law 788 of 2002	18
E2	Exempt income	Creative industries (orange economy, 7 years). A 7-year exemption for income obtained by the creative industries (so called orange economy). This exemption applies to companies exclusively engaged in the development of 1 of the 27 business activities defined as creative industry which include but are not limited to: jewelry manufacturing; book publishing; film, music, radio and television production; software development; architecture and engineering and other activities related to technical consultancy; theatre and other cultural activities; cultural tourism activities.	Law 2010 of 2019	91	X
E3	Exempt income	Dividends distributed by non-resident to a CHC. Dividends or shares distributed by entities not resident in Colombia to a Colombian Holding Company (CHC) will be exempt from income tax.	Law 2010 of 2019	77
E4	Exempt income	Hotels constructed between 2002-2017 (30 years). A 30-year exemption for income generated by new hotels that were built within the following 15 years as of the entry into force of Law 788 of 2002.	Law 788 of 2002	18	X
E5	Exempt income	Hotels renovated between 2002-2017 (30 years). A 30-year exemption for income generated by refurbished hotels that were built within the following 15 years as of the entry into force of Law 788 of 2002.	Law 788 de 2002	18	X
E6	Exempt income	Income received by authors, translators and copyright holders of certain books. Income that authors and translators, both Colombian and foreign resident in Colombia, receive from copyrights for books of a scientific or cultural nature edited and printed in Colombia. Copyright and translation rights of national or foreign authors of books, published and printed in Colombia.	Law 98 of 1993	28	X
E7	Exempt income	Investment in higher agricultural productivity (10 years). A 10-year exemption for income derived from investments made that increase productivity in the farming sector.	Law 2010 of 2019	91	X
E8	Exempt income	Investment in sawmills and related investment in the lumber industry. Investments in new sawmills and processing plants directly related to the use of new forest plantations, including guadua, rubber and cashew, and for those who have plantations of timber trees and fruit trees, that must be duly registered with the competent authority.	Law 2010 of 2019	91	X
E9	Exempt income	Low-income housing. With respect to low-income housing, the following should be included: the profit on the first sale of the VIS, and the financial returns generated in the first 5 years by loans for the acquisition of VIS.	235-2 TC		X
E10	Exempt income	Non-profit entities (special regime). Exemption on the net profit or surplus.	Law 1819 of 2019	146	X
E11	Exempt income	Property received by way of donations (up to 2 290 UVT). 20% of the property and rights received by way of donations and other inter vivos legal acts celebrated free of charge, without such amount exceeding the equivalent of two thousand two hundred ninety (2 290) UVT.	Law 1607 of 2012	104
E12	Exempt income	Sale of property for public interest projects. Any gains from the sale of property earmarked for public interest projects or social interest projects (social interest housing projects).	Law 2010 of 2019	91	X
E13	Exempt income	Sale of renewable electricity (15 years). A 15-years exemption, as of 2017, for income derived from the sale of electrical energy, carried out by generating companies, derived from wind energy, biomass or agricultural, solar, geothermal or marine waste, according to the definitions of Law 1715 of 2014 and Decree 2755 of 2003.	Law 2010 of 2019	91	X
E14	Exempt income	Sale of shares in a CHC. The income derived from the sale or transfer of the shares or participations in a Colombian Holding Company (CHC) will be exempt except for the value corresponding to the profits obtained from activities carried out in Colombia	Law 2010 of 2019	77
E15	Exempt income	Sale of shares in non-resident entity by a CHC. Income derived from the sale or transfer of a Colombian Holding Company (CHC)'s stake in entities not resident in Colombia will be exempt from income tax.	Law 2010 of 2019	77
E16	Exempt income	Waterway transport services (15 years). A 15-years exemption, as of 2019, for income obtained from the provision of fluvial transport services with boats and low draft slabs.	Law 2010 of 2019	91	X
NT1	Non-taxable income	Bonds for Peace. Yields from bonds for peace.	Law 487 of 1987	5
NT2	Non-taxable income	Bonds for Security. Yields originating from Bonos para la Seguridad bonds will be considered non-taxable income.	Law 345 of 1996	4
NT3	Non-taxable income	Compensation received as a result of eradication or renewal of crops. Indemnification or compensation received as a result of eradication or renewal of crops, or for the control of pests, when this is part of programs aimed at protecting national agricultural production and such payments are made with public resources.	Law 223 of 1995	70	X
NT4	Non-taxable income	Contribution of capital surplus of shares or quotas. Contribution of capital surplus of shares or quotas will not result in taxable income or give rise to the tax basis of the shares or quotas issued.	Law 1607 of 2012	91
NT5	Non-taxable income	Contributions by National Television Commission to regional stations. Income received by regional television organizations from contributions made by the National Television Commission to stimulate and promote public television.	Law 488 of 1998	40	X
NT6	Non-taxable income	Derivatives with CSE-listed companies as underlying. The income that comes from the negotiation of derivatives that are securities and whose underlying is represented exclusively in shares listed in a Colombian stock exchange (CSE), indices or participations in funds or collective portfolios that reflect the behavior of said shares, are not taxable income.	Law 1430 of 2000	37	X
NT7	Non-taxable income	Distribution of gains from shares from companies listed in the Colombian Stock Exchange. Distribution of profits in shares, provided from the capitalization of the revaluation’s account, is made by companies listed in the Colombian Stock Exchange.seed ca	Law 1819 of 2016	37	X
NT8	Non-taxable income	Donations to projects approved by the Multilateral Fund of the Montreal Protocol. Donations in cash received by individuals or entities that participate in the execution and development of projects approved by the Multilateral Fund of the Montreal Protocol (protecting the ozone layer), through any executing agency, bilateral or multilateral, are non-taxable income.	Law 488 of 1998	32	X
NT9	Non-taxable income	Forest Incentive Certificates. As it constitutes an acknowledgment by the state of the environmental benefits originated by reforestation, the income from Forest Incentive Certificates are not taxable income.	Law 139 of 1994	8	X
NT10	Non-taxable income	Incentives for rural capitalization.	Law 788 of 2002	20	X
NT11	Non-taxable income	Income distributed to employee shareholders. Companies may define a system of incentives through which workers can participate in the capital of companies. For these purposes, the profits that are distributed through shares, will not be taxed with the income tax to the employer, up to the equivalent of 10% of the profit generated.	Law 789 of 2002	44	X
NT12	Non-taxable income	Income from horizontal properties, boards of co-owners, administrators of buildings organized in horizontal property or of residential complexes.	Law 1819 of 2016, Law 2010 of 2019	143 and 83
NT13	Non-taxable income	Inflationary component if capitalized.	Decree 2686 of 1999	10	X
NT14	Non-taxable income	Investments in the exploration of mining and hydrocarbon. Certificates of investment given by the ministry of finance to new investments in the exploration of mining and hydrocarbon.	Law 1819 of 2016	365
NT15	Non-taxable income	Liquidation of a limited liability company. Income provided from the liquidation of a limited liability company up to the amount of capital contribution made by the shareholder.	Decree 2053 of 1974	43	X
NT16	Non-taxable income	Public funding for urban mass transport network.	Law 488 of 1998	29	X
NT17	Non-taxable income	Resources managed by Fogafín and Fogacoop. Income provided from the resources managed by Fogafín and Fogacoop in trust accounts will not be considered for calculating their income tax. The same applies to the resources transferred by the state to Fogafín from the General Nation's Budget that is destined to stabilize the public banks.	Law 788 of 2002	11	X
NT18	Non-taxable income	Sale of CSE-listed company shares. Income provided from the sale of shares of a company listed in the Colombian Stock Exchange (CSE) when such sale does not represent more than 10% of the total number of shares of the listed company.	Law 633 of 2000	9	X
NT19	Non-taxable income	Sale of expropriated real estate. The income obtained in the voluntary sale of real estate expropriated is a non-taxable income.	Law 388 of 1997	67	X
NT20	Non-taxable income	Sale of properties in Nevado del Ruiz area. The income obtained from the sale of properties located in the areas affected by the Nevado del Ruiz volcanic activity is non-taxable income.	Decree 2512 of 1987	5
NT21	Non-taxable income	Seed capital provided by the state. Non-taxable income is the non-reimbursable economic support provided by the State, as seed capital for the venture and as capital for the strengthening of the company.	Ley 1429 de 2014	16	X
NT22	Non-taxable income	State contributions to cover obligations of public entities in liquidation. When the Nation assumes obligations in charge of public entities in liquidation, including those derived from the assignment of assets, liabilities and contracts made by the entity in liquidation / State contributions when they are made to take responsibility for the obligations of public entities in liquidation.	Law 633 of 2000	77	X
NT23	Non-taxable income	Subsidies from Agro Ingreso Seguro program. The subsidies and aid granted by the government in the program Agro Ingreso Seguro, AIS, and those from the incentive to storage and the incentive to rural capitalization provided for in Law 101 of 1993 are non-taxable income.	Law 1111 of 2006	58	X
NT24	Non-taxable income	Support for scientific, technological or innovative projects. The resources that the taxpayer receives to be used for the development of projects classified as scientific, technological or innovative, according to the conditions defined by the National Council of Tax Benefits in Science, Technology and Innovation, are non-taxable income.	Law 1450 of 2011	37	X
DD1	Deduction	Attentions to customers, suppliers and employees. Attentions to customers, suppliers and employees, such as gifts, courtesies, parties, meetings and celebrations. The maximum amount to be deducted for all of these concepts is 1% of net and effectively realized tax income.	Law 1819 of 2016	63	X
DD2	Deduction	Carbon tax. For the taxpayer, the carbon tax is deductible from the income tax as the greater value of the cost of the good.	Law 1819 of 2016	Paragraph 2, 222	X
DD3	Deduction	Contributions. Exemption from health, SENA and ICBF contributions when hiring workers earning up to 10 minimum monthly salaries.	Law 1819 of 2016	65
DD4	Deduction	Donations to libraries. Donations to the National Network of Public Libraries and the National Public Library.	Law 1819 of 2016	75	X
DD5	Deduction	Donations to the entrepreneurship and innovation agency of the government. Taxpayers can deduct the value of donations made to the entrepreneurship and innovation agency of the government iNNpulsa, after verification and approval by the Ministry of Commerce, Industry and Tourism.	Law 2069 of 2020	40
DD6	Deduction	Education for children of employees. Deduction for investment payments made to programs or centers for attention, stimulation and integral development and/or initial education for minors under seven years of age, established by companies exclusively for the children of their employees.	Law 2010 of 2019	87
DD7	Deduction	Education for employees. Deductions for payments destined to scholarship programs for total or partial studies and forgivable credits for education, established by legal entities for the benefit of their employees or members of the employee's family nucleus.	Law 2010 of 2019	87	X
DD8	Deduction	Education in area of activity. Deduction for contributions made by companies to primary, secondary and high school education institutions recognized by the Ministry of Education, and technical, technological and higher education institutions that meet the requirements established by the Ministry of Education, and that are justified by benefiting the communities and areas of influence where the productive or commercial activity of the legal entity is carried out.	Law 2010 of 2019	87	X
DD9	Deduction	Financial transaction tax (50%). 50% of the financial transaction tax (GMF).	Law 2010 of 2019	86	X
DD10	Deduction	Investments in air transportation in remote areas. Deduction for investments made for air transportation in remote areas of the country	Law 633 of 2000	97
DD11	Deduction	Investments in detention centers. Companies or individuals can deduct from their gross income the value of the new investments made in the year, in detention centers, as long as they are effectively used for work and education programs for inmates, and individuals are linked to the company. post-prison sentences who have observed good behavior certified by the detention center. The deduction may not exceed (15%) per year of the net income.	Law 633 of 2000	98	X
DD12	Deduction	Investments in real productive fixed assets (30%). Deduction for investments in real productive fixed assets (legal stability contracts Law 963/05).	Law 863 of 2003	68	X
DD13	Deduction (and Deferral if Investment)	Investments or donations to Colombian film projects (165%). Taxpayers who make investments or donations to Colombian production or co-production film projects approved by the Ministry of Culture can deduct from their tax (165%) of the real value invested or donated.	Law 814 of 2003 Law 1607 of 2012	16 195
DD14	Deduction	Maintenance and conservation of assets declared as in cultural interest. The owners of movable and immovable property declared as of cultural interest, can deduct the totality of the expenses for the elaboration of the Special Protection Plans and for the maintenance and conservation of these assets, even if this is not causally related to the activity that produces the income.	Law 1185 of 2008	14	X
DD15	Deduction	Mutual investment fund contributions. Deduction of the amount of the contribution to the mutual investment fund.	Law 75 of 1986	7	X
DD16	Deduction	Real-estate valuation.	Law 74 of 1994	4
DD17	Deduction	Receivables of public utilities companies to the new companies created to preserve the continuity in public services. Contribution of outstanding receivables of the intervened public utilities companies to the new companies that are created in order to preserve the continuity in the rendering of the public service, as well as any other outstanding receivables of the intervened company. In these cases, the new companies may apply Articles 145 and 146 of the Tax Statute with respect to the tax balances of the credits contributed.	Law 2010 of 2019	145
DD18	Deduction	Royalties paid for the exploitation of non-renewable natural resources. Deduction for royalties paid for the exploitation of non-renewable natural resources.	TC	107
DD19	Deduction	Salaries paid to first-job employees who are under twenty-eight years of age (120%). Deduction of 120% of the payments that the employer makes for salary, in relationship with employees who are under twenty-eight (28) years of age, as long as in the case of the person's first job.	Law 2010 of 2019	88
DD20	Deduction	Salaries paid to senior citizens without pension (120%). Deduction of 120% of salaries for hiring a senior citizen without pension.	Law 2040 of 2020	2
DD21	Deduction	Salaries, social benefits and other labor payments, paid to female workers who are victims of proven violence (200%). Employers who employ female workers who are victims of proven violence, can deduct from their income 200% of the value of wages and social benefits paid during the year, since the employment relationship exists, and up to a period of three years.	Law 1257 of 2008	23	X
DD22	Deduction	Salaries, social benefits and other labor payments, paid to widows and orphans of members of the Armed Forces killed in combat, kidnapped or missing (200%). Deduction equivalent to 200% for salaries, social benefits and other labor payments, paid to widows and orphans of members of the Armed Forces killed in combat, kidnapped or missing.	Law 6 of 1992	127	X
DD23	Deduction	Salaries, social benefits and other labor payments, paid to workers hired as apprentices or in training (130%). Employers may deduct annually from their taxable income, up to 130% of the expenses for salaries and social benefits of workers hired as apprentices, in addition to those legally provided for, in professional training programs previously approved by the National Apprenticeship Service SENA.	Law 115 of 1994	189	X
DD24	Deduction	Salaries, social benefits and other labor payments, paid to workers with a proven disability of no less than 25% (200%). Employers who employ workers with a proven disability of no less than 25% can deduct from their income 200% of the value of wages and social benefits paid during the year to workers with a disability, as long as it subsists.	Law 361 of 1997	31	X
DD25	Deduction	Taxes, fees and contributions. Taxes, fees and contributions paid that have a causal relationship with the economic activity, other than ICA and GMF.	Law 2010 of 2019	86	X
DD26	Deduction	Projects for taxes (Option 3).	Law 2010 of 2019	79	X
DF1	Deferral	Accelerated depreciation of machinery, equipment and civil works of projects of unconventional energy sources. Deduction for accelerated depreciation of machinery, equipment and civil works of projects of unconventional energy sources. The annual depreciation rate will be no higher than (33.33%) as a global annual rate.	Law 1715 of 2014 Law 2099 of 2021	14 11
DF2	Deferral	Accelerated tax depreciation allowances.	Law 1819 of 2016	83
DF3	Deferrals	Investment in hydrogen. Special 50% deduction for green and blue hydrogen investments	Law 2099 of 2021	21
DF4	Deferrals	Investment in non-conventional energy sources. Taxpayers obliged to submit a tax return who directly make investments in non-conventional energy sources can deduct from their income, in a period not exceeding 15 years, from the following year in which the investment has come into operation, the 50% of the total investment made.	Law 1715 of 2014 Law 2099 of 2021	11 8
DF5	Deferrals	Investments in expansion or opening of bookstores. The totally new own investment, made by individuals or companies in expansion or opening of new bookstores or branches of those already established, is deductible from the investor's gross income up to a value equivalent to 10 000 UVT (USD$ 90 770).	Law 98 of 1993	30
DF6	Deferral	Investments in exploration, development and construction of mines and oil and gas fields. Amortization of investments in exploration, development and construction of mines and oil and gas fields. E.T., art. 143-1.	Law 1819 of 2016	86
DF7	Deferral	Investments in hydrogen. Accelerated depreciation for green and blue hydrogen investments	Law 2099 of 2021	21
DF8	Deferral	Investments under mega-investment regime. The taxpayers of the mega-investment regime, who make the new investments, can depreciate their fixed assets in a maximum period of two (2) years, regardless of the useful life of the asset.	Law 2010 of 2019	75
DF9	Deferral	Investment in research, technological development and innovation. Taxpayers can deduct the value of investments made in research, technological development and innovation, according to the conditions of the National Council of Tax Benefits in Science, Technology and Innovation (CNBT). This is deductible in the taxable period in which is carried out.	Law 6 of 1992 Law 1955 of 2019	4 170
C1	Tax credit	Donation to sports and recreational or cultural organizations or non-profit legal entities. For donation to sports and recreational or cultural organizations or non-profit legal entities, E.T., art. 126-2, paragraph 3.	Law 488 of 1998	37	X
C2	Tax credit	Donation to support the immunization of the population against Covid-19 (50%). Tax credit equivalent to 50% of the donation made to achieve the immunization of the population Colombia against Covid-19 and any other pandemic.	Law 2064 of 2020	40
C3	Tax credit	Donation to the General Gustavo Matamoros D' Costa Foundation and other foundations dedicated to the defense and protection of human rights. Donation to the General Gustavo Matamoros D' Costa Corporation and other foundations dedicated to the defense and protection of human rights. E.T., art 126-2, paragraph 1.	Law 488 of 1998	37	X
C4	Tax credit	Donations to certain non-profits (25%). 25% of donations granted to non-profit entities qualified under the CIT special tax regime and to CIT non-taxpayers stated in articles 22 and 23 of the Colombian Tax Code.	Law 1819 of 2016	105	X
C5	Tax credit	Donations to higher education and science (25%). 25% of donations made through institutions of higher education or the Colombian Institute of Educational Credit and Technical Studies Abroad (ICETEX), addressed to programs of scholarships or forgivable credits, that are approved by the Ministry of Education, and that benefit students from 1, 2 and 3 economic levels. 25% of donations received by the National Fund for the Financing of Science, Technology and Innovation, Francisco José de Caldas Fund, that are destined to the financing of science, technology and innovation projects.	Law 1955 of 2019	174	X
C6	Tax credit	Donations to the entrepreneurship and innovation agency (25%). Tax Credit equivalent to 25% of the value of donations made to the entrepreneurship and innovation agency of the government iNNpulsa, after verification and approval by the Ministry of Commerce, Industry and Tourism.	Law 2069 of 2020	40
C7	Tax credit	Foreign audio-visual productions in Colombia. Foreign audio-visual works fully or partially produced or post-produced in Colombia are entitled to an income tax credit equal to 35% of the amount invested in Colombia.	Law 1556 of 2012 Law 1955 of 2019	9 178
C8	Tax credit	Input VAT paid on fixed capital assets. Capital goods input VAT paid on the import, formation, construction or acquisition of real productive fixed assets can be credited in the tax year in which they pay the VAT or in any subsequent tax years.	Law 2010 of 2019	95	X
C9	Tax credit	Investment by public service companies (40%). 40% of investments made in the respective tax year by the domiciliary public service companies that provide the aqueduct and sewerage services to aqueduct and sewerage companies of the regional order.	Law 788 of 2002	104	X
C10	Tax credit	Investment by SMEs in research & development (50%). A 2-year tax credit of the 50% of investments made in research, technological development or innovation certified by the National Council for Tax Benefits in Science, Technology and Innovation made by micro, small and medium businesses.	Law 1955 of 2019	168
C11	Tax credit	Investment in environmental conservation and tourism (25%). 25% tax discount on investments made in environmental control, conservation and improvement in tourism activities.	Law 2068 of 2020	42
C12	Tax credit	Investment in environmental protection (25%). 25% of the investments made in control, conservation and improvement of the environment, provided that the investment is certified by the environmental authority.	Law 1819 of 2016	103	X
C13	Tax credit	Investment in research, technological development or innovation (25%). 25% of investments made in research, technological development or innovation certified by the National Council for Tax Benefits in Science, Technology and Innovation. On the other hand, 25% of the remuneration payments made to personnel hired with a doctorate degree.	Law 1955 of 2019	171	X
C14	Tax credit	Local turnover tax (ICA, 50%). 50% of local turnover tax (municipal tax) paid in the corresponding tax year	Law 2010 of 2019 Law 2155 of 2021	86	X
C15	Tax credit	Salaries paid by SMEs to personnel with doctorate degree (50%). A 2-year tax credit of the 50% of the remuneration payments made by micro, small and medium businesses to personnel hired with a doctorate degree.	Law 1955 of 2019	168
C16	Tax credit	Scholarships and support for talented athletes (100%).100% tax credit for scholarships and maintenance for talented athletes or sports reserves.	Law 1955 of 2019	190
SR1	Special regime / Reduced rate	Free Trade Zones (20%). 20% income tax rate for legal entities that are free trade zone users.	Law 1819 of 2016	101	X
SR2	Special regime / Reduced rate	Free Trade Zone in Cúcuta (15%). Income tax rate of 15% for legal entities that are users of free trade zones created in the Municipality of Cúcuta between January 2017 and December 2021.	Law 1819 of 2016	101
SR3	Special regime / Reduced rate	Hotels (9%). Income tax rate of 9% for national and assimilated companies, permanent establishments and foreign legal entities, for the rendering of new or remodeled hotel services.	Law 2068 of 2020	41	X
SR4	Special regime / Reduced rate	Medical care, food, nursing, lodging, physiotherapy, recovery and other assistance services provided by old age tourism centers (9%). Income tax rate of 9% for national and assimilated companies, permanent establishments and foreign legal entities, for services such as medical care, food, nursing, lodging, physiotherapy, recovery and other assistance services.	Law 2068 of 2020	41	X
SR5	Special regime / Reduced rate	Mega-investments (9% or 27%). Income tax rate on mega-investment projects (27% and 9% for hotels).	Law 2010 of 2019	75
SR6	Special regime / Reduced rate	Publication industry (9%). The income tax rate applicable to publishing companies incorporated in Colombia as legal entities, whose economic activity and corporate purpose is exclusively the publishing of books, magazines, pamphlets or serialized collectibles of a scientific or cultural nature, under the terms of Law 98 of 1993, will be 9%.	Law 1819 of 2016	100	X
SR7	Special regime / Reduced rate	Perennial crops (9%). A preferential income tax rate of 9% for new perennial crops cultivated before fiscal year 2014. The tax incentive applies for ten years after the start of the crops’ production and applies to rubber, palm oil, cocoa, citrus trees and other fruit trees.	Law 1819 of 2016	100	X
SR8	Special regime	Stability contracts.	Law 963 of 2005		X
SR9	Special regime / Reduced rate	State-owned alcohol production and gambling (9%). Income tax rate of 9% in industrial and commercial companies of the State and Mixed Economy Companies of the Departmental, Municipal and District order, in which the participation of the State is higher than 90%, which exercise monopolies of luck and chance and liquor and alcohol.	Law 1819 of 2016	100	X
SR10	Special regime / Reduced rate	Theme parks, ecotourism parks, agro-tourism and nautical docks (9%). Income tax rate of 9% for national and assimilated companies, permanent establishments and foreign legal entities, for new theme park projects or remodeled, new ecotourism and agrotourism parks and new nautical docks.	Law 2068 of 2020	41	X
SR11	Special regime / Reduced rate	Non-profit organisations / Special regime (20%). Income tax rate on the net profit or surplus of the entities under the special tax regime. Surpluses not invested or allocated in the development of the non-profit organization’s “worthy purpose” are subject to a 20% CIT rate.	Law 1819 of 2019	146	X
SR12	Special regime / Reduced rate	Cooperatives, their associations, unions, central leagues, higher financial organizations, mutual associations, cooperative auxiliary institutions, cooperative confederations (20%). Special single tax rate for cooperatives, their associations, unions, central leagues, higher financial organizations, mutual associations, cooperative auxiliary institutions, cooperative confederations, as provided for in the cooperative legislation, supervised by a superintendence or control agency (20%).	Law 1819 of 2016	142	X
SR13	Special regime	Dividends distributed from profits that would have been taxed in a mega-investment project. Income tax rate for dividends distributed to partners or shareholders from profits that would have been taxed in a mega-investment project.	Law 2010 of 2019	75
SR14	Special regime / Reduced rate	First sale of land, real estate or real estate units that are new constructions (9%). Income tax rate of 9% for national and similar companies, permanent establishments and foreign legal entities, for profits on the first sale of land, real estate or real estate units that are new constructions for a term of 10 years.	Law 2068 of 2020	41
SR15	Special regime	Foreign portfolio equity investments in public or private fixed-income securities. Income from foreign portfolio equity investments in public or private fixed-income securities.	Law 1607 of 2012	125
SR16	Special regime	Infrastructure projects in Special Economic Export Zones. Infrastructure projects that qualify as eligible in the Special Economic Export Zones are treated as industrial users of goods and services.	Law 677 of 2001	16
SR17	Special regime / Reduced rate	International maritime transportation services provided by vessels or naval artifacts registered in the Colombian registry (2%). Income tax rate of 2% for national and similar companies, permanent establishments and foreign legal entities, for international maritime transportation services provided by vessels or naval artifacts registered in the Colombian registry.	Law 2133 of 2021	30
SR18	Special regime / Reduced rate	Micro and small ZOMAC (0%). The 0% rate was applied between 2017 and 2021. The following rates apply for the subsequent time periods: 25% of the standard CIT rate (2022-2024), 50% of the standard CIT rate (2025-2027), standard CIT rate (starting 2028). Medium and large ZOMAC (50% of the standard rate). The rate (50% of the standard rate) was applied between 2017 and 2021. The following rates apply for the subsequent time periods: 75% of the standard CIT rate (2022-2027), standard CIT rate (starting 2028).	Law 1819 of 2016	237	X
SR19	Special regime / Reduced rate	Reorganization agreements. The reductions, discounts or capital reductions, fines, penalties or interest obtained by debtors will be taxed in all cases as occasional income, when such yields, profits, reductions, discounts or reductions are presented or are the result and part of the reorganization agreements entered into or modified within the framework of the regime of Law 1116 of 2006, Decree 560 of 2020 and Legislative Decree 772 of 2020.	Decree 772 of 2020	15
SR20	Special regime / Reduced rate	ZESE (0%, first 5 years). ZESE (50% of the standard rate, 6-10 years)	Law 1955 of 2019	268	X
SR21	Special regime / Increased rate (Negative TE)	Financial sector surtax (32%+4%).	Law 2155 of 2021		X
O1	Other	Associations. Income from the National Society of the Colombian Red Cross and its federated system, public improvement societies, parents' associations, community action organizations, civil defense boards, alumni associations, associations of community homes and children's homes of the Colombian Family Welfare Institute or authorized by the latter, and associations of senior citizens authorized by the Colombian Family Welfare Institute.	Law 2010 of 2019	83
O2	Other	Contributions to family compensation funds. Income from contributions to family compensation funds.	Law 21 of 1982
O3	Other	Cost of labor in coffee growing sector. For the determination of the cost in coffee plantations, it is presumed by law that forty percent (40%) of the value of the income taxed by the producer, in each taxable year, corresponds to the costs and deductions inherent to the workforce.	Law 1819 of 2016	46
O4	Other	Income obtained from the sale of foreign goods introduced from abroad to International Logistics Distribution Centers. Income obtained from the sale of foreign goods owned by foreign companies or persons without residence in the country, which have been introduced from abroad to International Logistics Distribution Centers, located in international airports, seaports and river ports located only in the departments of Guanía, Vaupés, Putumayo and Amazonas.	Law 2010 of 2019	84
O5	Other	International air or maritime transportation. For Colombian tax resident companies, income from international air or maritime transportation.	Law 2010 of 2019	84
O6	Other	Labor unions, trade associations, employee funds, mutual investment funds, churches and religious denominations. Income from: labor unions, trade associations, employee funds, mutual investment funds, churches and religious denominations recognized by the Ministry of the Interior or by law, political parties or movements approved by the National Electoral Council, associations and federations of Departments and Municipalities, societies or entities of alcoholics anonymous, public establishments and in general any decentralized official establishment.	Law 1819 of 2016	145
O7	Other	Loans made through Bancoldex, Finagro and Findeter. Loans for foreign trade operations and import of services, made through Bancoldex, Finagro and Findeter.	Law 2010 of 2019	84
O8	Other	Loans obtained from non-residents. Loans obtained from non-residents, denominated and/or disbursed in legal or foreign currency, by financial corporations, financial cooperatives, financial cooperatives, commercial financing companies, banks, Bancoldex, Finagro, Findeter and commercial companies subject to the surveillance of the Superintendence of Companies under a prudential regulation regime, whose exclusive purpose is the origination of loans and whose indebtedness is destined to the development of their corporate purpose.	Law 2010 of 2019	84
O9	Other	Repair and maintenance of equipment abroad. Income derived from technical services for repair and maintenance of equipment rendered abroad.	Law 2010 of 2019	84
O10	Special regime	Simple Regime (RST). The SIMPLE regime is a preferential tax regime for small and medium enterprises.	Ley 2010 de 2019	74