A bill submitted by the government to the legislature is intended to promote economic growth, and will also mitigate the effects of a decision by the Constitutional Court concerning the constitutionality of Law 1943 of 2018.
The Constitutional Court (Corte Constitucional) in October 2019 issued a decision declaring as unconstitutional certain provisions of Law 1943 (the law introduced a set of tax provisions intended to improve the competitiveness of companies with certain tax incentives). Read an October 2019 report (Spanish and English) prepared by the KPMG member firm in Colombia.
The bill—Proyecto de Ley No. 278 de 2019—includes the similar items as found in Law 1943 but with certain adjustments.
With respect to taxation, the bill proposes changes that would retain the:
Read an October 2019 report (Spanish and English) prepared by the KPMG member firm in Colombia
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