Colombia Introduces Temporary Emergency Wealth Tax for Disaster Relief

Colombia has published Decree No. 0173 of 24 February 2026, which introduces a temporary emergency wealth tax for disaster relief. The tax is introduced in the context of the recent catastrophic floods and weather events, for which a state of emergency was declared through Decree No. 0150 of 11 February 2026. The temporary emergency wealth tax is levied on large corporations and legal entities with net wealth exceeding 200,000 UVT as on 1 March 2026, with a standard rate of 0.5% and an incr…