For the year 2024, the general income tax rate is 35% and 15% for income from occasional gains. In the case of financial institutions, a surcharge of 3 percentage points applies from 2022 to 2025.
Through Law 2294 of 2023 (National Development Plan), the audit benefit is extended for the years 2024 to 2026 to reduce the time for the finalization of the income tax return by 6 or 12 months, provided that the net income tax is increased by 35% or 25%, respectively.
With the enactment of Law 2277 of 2022, a minimum tax rate of 15% was established, considering that the company is the parent company of the GROUP and, according to paragraph 6 of article 240 of the Tax Statute, is required to consolidate the determination of the adjusted tax rate. Once the consolidated calculation was performed, at the close of 2023, no adjustments were made for the companies that are part of the business group.