OrbitaxOrbitax

Colombia Introduces Incentives for Scholarship Donations for Training of Persons Joining the Armed Forces

|Approved Changes|Colombia
Colombia

Colombia has published Law 2130 of 4 August 2021, which establishes certain tax incentives for natural and legal persons that make qualifying donations to scholarship programs that finance the training of persons joining public (military) forces. This includes that such donations are deductible in the year they are made, and an additional tax credit is granted equal to 25% of the donations made. The law is generally effective from 4 August 2021.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.