Colombian Government issues regulations on mega-investment special tax regime

On 21 August 2020, the Colombian Government issued Decree 1157, which regulates the mega-investment special tax regime. The Decree contains certain definitions, rules and procedures for applying to this regime.

Mega-investment tax regime

The mega-investment regime was re-established when Law 2010 of 2019 reenacted most of the provisions of Law 1943 of 2019, which was declared unconstitutional due to procedural flaws.

Under this regime, income taxpayers that make investments in mega-invest…