Law 40 of 2013, the Tax Burden Redistribution and Adjustment Act (Ley de redistribución y ajuste de la carga contributiva), substantially amended the alternative minimum tax (AMT) for companies.
AMT base
The highest amount between the regular tax and the following AMT base applies:
| - | 30% of the AMT income (increased from 20%) and the amount of the additional gross receipts tax applicable; or |