Colombia has published Law 2277 of 13 December 2022, the law for "Tax Reform for Equality and Social Justice". The main measures of the law are summarized as follows:
- The standard corporate income tax rate is maintained at 35%;
- The tax rate for industrial and commercial companies of the State is set at 9%;
- A 5% surcharge/surtax (40% effective rate) is introduced on specified taxpayers with taxable income equal to or greater than 120,000 tax value units (Unidad de Valor Tributario - UVT) per…