Colombia Tax Reform Bill Submitted in Congress

A tax reform bill has been submitted in Congress by Colombia's Radical Change (Cambio Radical) party that would implement several important reforms. Some of the proposed changes include:

• A reduction in the standard corporate tax rate from 33% to 30%;
• The introduction of a reduced corporate tax rate of 10% for the agricultural, hotel, and tourism sectors;
• The introduction of an exemption on income from portfolio investments made by foreign investors in Colombia;
• The introduction of accelerate…