Colombia's Ministry of Finance has published a draft decree regulating the mega-investment project incentive regime that was first introduced by Law 1943 of 2018 and reintroduced by Law 2010 of 2019. The regime provides for a reduced 27% corporate tax rate and tax stability contracts for up to 20 years, as well as exemptions from dividends tax and equity tax, and accelerated two-year depreciation.
Key conditions for the regime include:
- A minimum investment of 30 million tax value units (UV…