Colombia: Tax reform proposals (Bogotá)
Includes tax incentives for large industrial and technological investments
The Mayor’s Office for the District of Bogotá submitted a tax reform proposal for 2025. The proposal includes changes to:
Industry and commerce tax (ICA)
- New rates based on economic activity, with significant increases for the financial sector
- Progressive rates for microenterprises formalized between 2025 and 2030, excluding certain sectors like finance and telecommunications
- New exemptions for large investments and strategic sectors
- Territorial scope of the tax expanded to cover digital and remote activities
Firefighter surtax
- Applies to taxpayers with incomes exceeding 43,498 UVT, requiring annual payments with bimonthly advances
Unified property tax
- New differentiated rates and annual growth limits, with exemptions for urban renewal and sustainable construction projects
Public lighting tax
- New tax applicable to electricity users and differentiated by user type
Tax incentives
- Exemptions for large industrial and technological investments, strategic zone projects, urban renewal, and sustainable housing
Read an August 2025 report (Spanish) prepared by the KPMG member firm in Colombia