Decree 175 of 2025 introduced the following temporary taxes to alleviate the internal crisis in the Catatumbo region, the municipalities of the metropolitan area of Cúcuta, and the municipalities of Río de Oro and González in the department of César.
- Gambling games operated exclusively through the internet, either within the national territory or from abroad, will be taxed with 19% VAT.
- A new tax is established applicable to extraction of hydrocarbons and coal, classified in the customs codes 27.01 and 27.09. The tax is triggered (1) on the first sale within Colombian territory and (2) on the exportation. The tax rate is of 1%. The taxable base is (1) the sales price in local sales and (2) the free on board (FOB) value in exportations.
Customs code 27.01 covers coals, briquettes, ovoids, and solid fuels. Customs code 27.09 covers crude petroleum oils or oils obtained from bituminous minerals. - The stamp tax rate is increased from 0% to 1%. The taxable event is the execution/subscription of public and private documents when obligations are established, modified, executed, generated or eliminated, provided that the obligations´ value is greater than 6,000 Units of Tax Value (approximately USD 73,000). The tax applies when the documents are granted in Colombia or abroad but generate obligations in the country. The foregoing to the extent that a public entity, a legal entity (or similar) or an individual, that has obtained gross income or has a gross equity of 30,000 Units of Tax Value (approximately USD 364,000) is a party to the agreement.
The rates introduced by Law 2277 of 2022 (i.e., 1.5 or 3%) will continue to apply in the case of documents formalized with a notary public related to the transfer of real estate.
The temporary measures will be effective from February 21, 2025, through December 31, 2025. Based on the declaration of a State of Internal Commotion under Decree 62, the taxes were enacted by the president and did not pass through the Congress. The measures are still subject to a constitutionality analysis by the Constitutional Court.
For more information, contact a KPMG tax professional in Colombia:
Ricardo Ruiz | +57 (1) 618 8000 | ricardoaruiz@kpmg.com
Juan C Urrego | +57 (1) 618 8000 | jurrego@kpmg.com