What happens if a shareholder dies?
In Colombia, a deceased shareholder's shares don't pass automatically to their heirs. They sit under an unliquidated estate that needs a legal representative before anyone can exercise the rights attached to them.
Tax & Legal
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Tax incentives to the Bogota Tax Administration
The Bogota Tax Administration is currently reviewing Draft Agreement 724 of 2026, an initiative proposing tax incentives aimed at competitiveness, investment attraction and job creation, together with relevant amendments regarding tax procedure, property tax, Industry and Trade Tax (ITT) and other district taxes.
New tax calendar due to national emergency
Following the state of emergency declared as a result of the earthquake that occurred on August 10, 2026, the Colombian Government has published for public comments two draft decrees aimed at mitigating the impact of the emergency on taxpayers' ability to comply with tax and customs obligations in the affected regions.
NPE must update their registration with the DIAN
The SIC has published a draft resolution amending Title V of the Unified Circular. The reforms incorporate the provisions of Statutory Laws 2157 of 2021 and 2573 of 2026, strengthening the protection of citizens against improper negative reports, modifying the obligations of data controllers within the RNBD, addressing identity theft, and safeguarding data subjects from barriers to accessing information.
Revocatoria suspensión Decreto 572 de 2025
El 2 de junio de 2026, el Consejo de Estado, mediante auto que resolvió recursos de súplica dentro del proceso de nulidad contra el Decreto 572 de 2025, se pronunció sobre las decisiones previas relacionadas con la suspensión provisional de sus disposiciones, modificando el estado de aplicación de la norma.
Suspension of Decree 572 of 2025
On May 7, 2026, the Council of State, by interlocutory order, ruled on the requests for precautionary measures filed against Decree 572 of 2025, issued by the National Government, which amended the rates and bases for withholding tax and self-withholding as an advance payment of income tax.
Required updated in the RTE
What aspects should you consider regarding the Special Tax Regime? The Special Tax Regime (RTE) establishes a differential treatment for income tax for certain Non-Profit Entities (ESALs) and entities in the solidarity sector.
Wealth tax for corporations
What should you consider regarding the Wealth Tax for legal entities?
Civil trust
No. The Colombian Supreme Court of Justice, in decision SC2119 of 2025, clarified that a civil trust must be subject to a condition and not to a term. Accordingly, the High Court concluded that it is not legally permissible to make a trust agreement contingent solely upon the death of the settlor, since such an event constitutes a term rather than a condition.
Tax Reform 2026
The 2025 Tax Reform proposal, presented by the National Government, seeks to raise around 26 billion pesos to finance the 2026 budget. The proposal includes significant changes to various aspects of the tax system, from direct and indirect taxes to procedural rules and fiscal control.
Economic reactivation Bill
On July 20, 2025, a bill was presented to the House of Representatives that adopts economic, tax, and financial measures to boost economic reactivation.
Doing Business - Laboral
Colombia has a special labor law that regulates the legal relations between the employer and the employee, especially those related to the employment contract, labor claims and the termination of the employment relationship.
Doing Business - Tax
The Colombian tax system is composed of national and local taxes (departments and municipalities).
Doing Business - Corporate Affairs
We present a guide that provides an overview of the legal aspects of the most commonly used investment vehicles in Colombia, as well as a compilation of the most relevant current commercial and economic trends that will be of great help to companies and investors.