What Colombia's July 20 Tax Reform Would Mean for Foreign Residents

Colombia · Taxes

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The bill. Colombia’s government plans to file a financing law, its fifth tax-reform attempt, on July 20.

Income tax. It would raise the top personal income-tax rate, reportedly from 39% to 41%, and widen who pays more.

Wealth tax. It leans on a wealth tax with higher tariffs on the largest fortunes.