Colombian Ministry of Finance Proposes Tax Reforms for 2026 Budget

The Colombian Ministry of Finance submitted a proposed tax reform bill in Congress on 1 September 2025 that contains several proposed tax reform measures for the 2026 budget. Some of the proposed measures are summarized as follows:
- The standard VAT rate of 19% will be extended to games of luck and chance, excluding lotteries;
- The reduced VAT rate of 5% for hybrid vehicles will be removed;
- The …