Colombia's National Congress has approved Law 2068 of 31 December 2020, which includes a package of measures to support the tourism industry and to provide for the conservation and protection of tourist destinations in Colombia. Tax-related measures of the law include:
- The extension of the reduced 9% corporate tax rate for qualifying companies in the hospitality and tourism sector with certain relaxed conditions, including:
- for services provided in renovated or new hotels built before 2031 …