Colombia: Temporary tax and compliance measures following declaration of climate-related emergency
Including 16% national consumption tax on online games of chance
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March 17, 2026
Following the climate-related emergency declared under Decree 150, the government issued Decree 240 to secure additional fiscal resources and implement the following temporary tax and compliance measures:
- National consumption tax on exclusively online games of chance: A 16% consumption tax on bimonthly gross gaming revenue of authorized operators of online‑only games of chance, triggered by user deposits (cash, transfers, crypto).
- Temporary relief and normalization before the Colombian Tax Authority (CTA): Mechanisms available to reduce interest, penalties, and litigation exposure, subject to strict deadlines.
- Special payment condition (until April 30, 2026): Relief for overdue obligations by paying full principal, 4.5% interest, and 15% of penalties. No offsets or account swaps.
- Omitted declarations, corrections, and formal non‑compliance (until April 30, 2026): File omitted returns, correct filings, or remedy formal breaches with tax/duty payment plus 15% penalty, without late‑interest. The CTA must be notified when proceedings are active.
- Formal non‑compliance via income/net‑worth formula (until April 30, 2026): Regularization through payment of 3% of 2024 income or 2% of net worth/assets as of December 31, 2025, capped at 1,500 UVT.
- Contentious-administrative settlement (until June 30, 2026): For admitted lawsuits with no final ruling. Requires payment of 100% tax and a reduced share of penalties and interest (4.5%), with judicial approval.
- Normalization tax (FY 2026): A 19% normalization tax on taxpayers with omitted assets or non‑existent liabilities as of April 1, 2026. Must be filed via separate return by July 31, 2026, with no late filing or corrections. Inclusion does not generate income, penalties, or criminal exposure unless illicit origin is proven.
- Inclusion of permanent establishments (PEs) and branches of foreign entities for purposes of net worth tax: PEs and branches of foreign entities now taxed when their net worth is equal to or greater than 200,000 UVT as of March 31, 2026. Filing due April 30, 2026 (50% payable then, 50% payable on June 1). Tax is non-deductible and non-creditable.
For more information, contact a KPMG tax professional in Colombia:
Ricardo Ruiz | ricardoaruiz@kpmg.com
Luis Segura | lsegura@kpmg.com
Karol Bolaños | karolbolanos@kpmg.com