Minimum Tax Rate of 15% for Companies in Colombia

Tax attorney Daniela Morales authored an article for Lexir discussing the minimum tax rate for companies in Colombia. This rate, introduced as part of the country's tax reform, requires companies, except under special tax circumstances, to pay a minimum of 15 percent in taxes on their accounting profits. Ms. Morales emphasizes how this minimum tax rate ensures an equitable contribution and prevents companies from evading their tax obligations. Noncompliance with this minimum rate may result in audits and potential tax penalties.

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