Wealth tax for corporations

On February 24, 2026, the National Government issued Ruling 0173 of 2026, through which extraordinary tax measures are adopted regarding the wealth tax, within the framework of the Economic, Social, and Ecological State of Emergency declared by Legislative Ruling 0150 of 2026.

The purpose of this measure is to obtain immediate resources to cover the expenditures of the National General Budget associated with addressing the public calamity caused by extraordinary hydrometeorological events

Who is subject to the Wealth Tax?

The 2026 wealth tax applies to:

Entities NOT subject to the wealth tax:

• Companies in the healthcare sector.
• Companies intervened by the State in the exercise of inspection, surveillance, and control functions.
• Public utilities companies located in municipalities that have declared a public calamity within the emergency‑affected area.

When does the obligation to comply with the wealth tax arise?

The tax is triggered by holding a net worth equal to or greater than 200.000 UVT ($10.474.800.000) as of March 1, 2026.

Net worth = Gross assets – Liabilities in force as of that date.

Additionally, the Ruling establishes anti‑avoidance measures for spin‑off processes carried out between the effective date of the Ruling and March 1, 2026, the net worth of both the spun‑off and beneficiary entities must be combined to determine whether they are subject to the tax.

What is the applicable 2026 wealth tax rate for legal entities?

For the 2026 term, the following rates are established:

The general rate of wealth tax for legal entities is established at a rate of 0.50% on the liquid wealth held on March 1, 2026.

However, financial institutions, insurance and reinsurance companies, stock and agricultural brokerage companies, stock and product exchanges, stock market infrastructure providers, and those legal entities that carry out coal extraction activities (ISIC 0510 and 0520) and crude oil extraction (ISIC 0610), will have a differential rate of 1.6% on the liquid equity held on March 1, 2026.

What is the taxable base for the wealth tax for legal entities?

The taxable base corresponds to Gross assets held on March 1, 2026, minus liabilities determined according to the Tax Code, excluding, among others:

1.     Net asset value of shares, quotas, or equity interests in national companies, held directly or indirectly.

2.     Real estate fixed assets used for environmental control and improvement by public aqueduct and sewage companies.

3.     Technical reserves of Fogafín and Fogacoop.

4.     Social contributions made to cooperatives, their associations, unions, central leagues, higher‑level financial entities, mutual associations, auxiliary cooperative institutions, and cooperative confederations that belong to the Special Tax Regime.

These exclusions aim to ensure progressive application of the tax and prevent double taxation by only the effective available wealth.

What are the deadlines to file and pay the Wealth Tax?

At Forvis Mazars we provide comprehensive advice to legal entities so that they comply with the tax obligations established by the measures adopted by the National Government within the framework of the State of Emergency.

Contact us to manage your tax obligations with confidence and professional support.