Colombia: Applications open for research, development, and innovation projects eligible for tax benefits
50% tax credit or 30% tax discount on qualified investments
The Ministry of Science, Technology and Innovation (MinCiencias) on August 8, 2025, announced the opening of Call 970 to create a list of research, development, and innovation projects eligible for tax benefits for investments made in 2025. The initiative aims to encourage private investment in science, technology, and innovation by offering a tax credit of 50% or a tax discount of 30% on qualified investments.
Eligible companies must be domiciled in Colombia, have a current commercial registration, and be income taxpayers. Applications are open until September 10, 2025, and must include projects endorsed by an entity recognized by MinCiencias. Applicants must meet general and specific administrative, budgetary, and technical requirements.
Read an August 2025 report (Spanish) prepared by the KPMG member firm in Colombia