Colombia President Posts Legislative Decree to Introduce Temporary Wealth Tax Due to Emergency

The Colombian President’s Office Feb. 24 posted online Legislative Decree No. 0173/2026, on an emergency temporary wealth tax. The decree includes measures to: 1) impose 0.5 percent wealth tax for the 2026 tax year on legal entities and de facto companies filing income and complementary tax returns with net worth of at least 200,000 Tax Value Units (UVT) as of March 1, while excluding specified entities; 2) require taxpayers to aggregate net worth for spin-offs completed between March 1 and the entry into force of this decree; 3) set a 1.6 percent rate for specified financial sector entities and extraction ...