Colombia: Suggestions for tax reform 2018 | KPMG Global
Share with your friends

Colombia: Suggestions for tax reform 2018

Colombia: Suggestions for tax reform 2018

Tax professionals have proposed the following five items that are appropriate for Colombian tax reform in 2018 and need to be considered by any candidate for the presidency.


Related content

  • First, do not create any new taxes, in particular a tax on wealth, and repeal the proliferation of consumption taxes 
  • Second, do not increase the rates of current taxes, and in particular the rate of value added tax (VAT) that is already set to increase to 19%, and reduce the income tax rate for companies 
  • Third, significantly reduce VAT exclusions and exemptions
  • Fourth, strengthen the tax authority (DIAN) and substantially increase the budget for the DIAN
  • Fifth, strengthen the rights of taxpayers


Read a January 2018 report (Spanish) prepared by the KPMG member firm in Colombia

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal