Tax Compliance 2026 – Individuals

1. Exogenous information for tax year 2025

Pursuant to Resolution 162 of 31 October 2023, as amended by Resolution 000188 of 2024, individuals required to file exogenous information for tax year 2025 are those who have obtained income under the following concepts and thresholds:

a.     Gross income exceeding $555,367,000 or $587,628,200 for tax years 2024 and 2025, respectively.

These same income thresholds, regardless of the type of income, also apply to individuals who are taxpayers under the Simple Taxation Regime (Régimen Simple de Tributación).

b. Gross income exceeding $119,517,000 in tax year 2024, received under the following categories:

• Capital income: income obtained from leases, financial returns, among others.
• Non-labour income: any income other than (i) employment income (e.g., salaries, fees, commissions), (ii) capital income, (iii) dividends, (iv) pensions, and (v) occasional gains.

If, based on the above, you are required to file exogenous information for tax year 2025, you must do so between 14 May and 12 June 2026 (the deadline in each case will depend on the last digits of the NIT).

2. Wealth tax for tax year 2026

The wealth tax applies to Colombian or foreign individuals, undivided estates, as well as foreign companies or entities that are not income tax filers and that own assets located in Colombia, with certain exceptions.

This tax is triggered by the possession of net worth equal to or greater than 72,000 UVT (COP $3,770,928,000) as of 1 January 2026, and the return must be filed between 12 and 26 May, depending on the last digit of the NIT.

3.      Income tax for tax year 2025

In accordance with Section 592 of the Colombian Tax Statute, Colombian tax residents who meet the following conditions must file an income tax return for tax year 2025:

a. Gross income equal to or greater than 1,400 UVT (COP $69,718,600) during 2025.

b. Having gross assets exceeding 4,500 UVT (COP $224,095,500).

c. Credit card spending equal to or greater than 1,400 UVT (COP $69,718,600) during 2025.

d. Purchases and consumption equal to or greater than 1,400 UVT (COP $69,718,600).

e. Bank deposits, savings, or financial investments equal to or greater than 1,400 UVT (COP $69,718,600).

Non-tax residents must file income tax in respect of income received in Colombia if such income was not subject to withholding tax at source as a payment abroad (rates set out in Sections 407 to 411 of the Colombian Tax Statute). This obligation must be met, based on the last two digits of the NIT, between 12 August and 26 October.

4. Foreign assets return for tax year 2026

Finally, it is important to note that Colombian tax residents who, as of 1 January 2026, hold foreign assets exceeding 2,000 UVT (COP $104,748,000) must file the foreign assets return on the same due date as the income tax return.

Proper compliance with these obligations helps avoid penalties for late filing, inaccuracy, or omission, as well as potential requests from the tax authority. We recommend reviewing each specific situation in a timely manner and obtaining specialized advice.