The Democratic Center already has the proposal that will present to the government of Abelardo De La Espriella to modify some of the articles of the tax reform and tax rescue law.
The document known as EL TIEMPO is based on the original project, but proposes fundamental changes in its tax component.
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Zero taxes
The proposal proposes to repeal, as of January 1, 2027the taxes on ultra-processed drinks and foodsas well as the estate tax. Also considers eliminating stamp duty since that same date.
The proposal proposes changes to the tax component of the original project. Photo:iStock
In the case of tax on financial movementsthe community proposes a progressive reductionthat would go to 3×1000 in 2027to 2×1000 in 2028 and 1×1000 in 2029, until disappearing from 2030.
The document also proposes to reduce the general income tax rate for companies to 30% from 2027. To encourage the exports, establishes a 15% fee on the income originating from the real increase in exports of goods and services with added value compared to the levels of 2026. This benefit It would be planned for the period between 2027 and 2057.
Regarding dividends, the proposal proposes reducing the retention fee to 10% at source and modify the tax rate on dividends received by resident natural persons. Also proposes lowering the tax on occasional profits to 10%.
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Another change is related to the corporate tax exemptions. The text proposes eliminating themwith exceptions for those contemplated in international treatiesthose related to pension and severance funds and those of the Colombian holding companies.
The proposal proposes repealing taxes on ultra-processed drinks and foods. Photo:iStock
The initiative also seeks to establish a maximum limit of 14 per thousand (14%) for the rate resulting from the Industry and Commerce taxNotices and Boards and other surcharges that tax municipal and district income.
A shock plan against evasion
The initiative of the Democratic Center also shows a frontal fight against evasion and smuggling. The proposal sets minimum effective collection goals of $7.5 trillion by 2027$15 billion by 2028, $22.5 billion by 2029 and $30 trillion by 2030.
To achieve these objectives, proposes increasing field visits and electronic audits: at least 200,000 in 2027, 500,000 in 2028, 750,000 in 2029 and one million annually from 2030. Furthermore, it establishes that at least the 20% of these actions must be directed to combat smuggling, with emphasis on points of entry, distribution and marketing of merchandise.
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He Ministry of Finance will have an important roleso it requests that present every year, before April 15before the economic commissions of Congress, both the collection goals and a balance of the execution of the plan of the previous period.
Former President Álvaro Uribe and the Democratic Center bench. Photo:Democratic Center
The text also contemplates a modification in tax treatment of the Industry and Commerce tax and the tax on financial movements. From the taxable year 2027, the values paid for these concepts could be treated as withholdings at source applicable to income tax, under the conditions established in the articles.
🔴 “Today a report was delivered that we hope the Government will know in the coming days to see where we can find ourselves.” The Democratic Center has already finished building the proposals that it will present to the government of Abelardo De La Espriella to reconcile the tax package and the cut in public spending in the tax reform and fiscal adjustment law. The suggestions include zero VAT on the family basket, prepaid bills and agricultural inputs, representative Durguez Espinosa told the Chamber.
— EL TIEMPO (@ELTIEMPO) November 12, 2026
Financing bonds
Although the document proposes dismantling or reducing various taxes, incorporates a budget financing mechanism through investment bonds.
The proposal authorizes the Government to issue between 2027 and 2031 domestic debt securities denominated Budget Financing Bondsfor an amount of up to $80 billion annually. The investment would be mandatory for national companies and other legal entities required to declare income whose net income from the previous year exceeds $500 million.
The Democratic Center proposes methods to combat evasion and smuggling. Photo:istock/Dian
The investment amount would correspond to 20% of net income taxable that exceeds that threshold, during each of the five years provided. The titles They would have a term of 20 years and could be used to pay taxesadvances, withholdings, interests and penalties administered by the DIAN.
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Sources consulted by EL TIEMPO They say that this report, which was completed at a meeting of the bench this Thursday in Bogotá, will be shared with the Government so that it is taken into account within the majority proposal. But, if not accepted, will be presented as an “alternative presentation” and must be taken into account in the debates of Congress.
Laura Juliana Castellanos Guevara – Political Editorial – EL TIEMPO
