May 29, 2025

New Decree on Withholding and Self-Withholding Tax

With the issuance of Decree 0572 of 2025, the National Government has increased self-withholding tax rates for income tax purposes for certain sectors of the economy, including agriculture, transportation, mining, and gold trading, among others. We encourage you to verify the self-withholding tax rate applicable to your main economic activity, in accordance with the CIIU Classification of Economic Activities.