Colombian legislation allows the deduction of the following investments:
- Investments in plantations, irrigation, wells and silos for reforestation, coconut, oil palms, rubber, olive, cocoa, fruit trees, drainage and irrigation. The deduction must be applied in the same year of the investment.
- Deduction of 165 % of the value of the donations to, or investments in cinematographic projects, as long as the project (i) is approved by the Ministry of culture, and (ii) is a Colombian production or coproduction. The deduction should be used in the year of the investment.
- Deduction of 100% of the value of the investment for monitoring and improving the environment. This excludes ordinary amortization.