New Features of the Second Tax Reform of the Petro Government

Tax attorney Rafael Lafont wrote column for La República analyzing the new features of the second tax reform proposed by Gustavo Petro's government. Mr. Lafont highlights the main proposed changes, including increases in income tax rates for legal entities and individuals, modifications to wealth tax and occasional gains, as well as changes in value-added tax (VAT) for certain sectors. He also warns about the significant impact these changes could have on the tax burden of salaried individuals, capital income earners, and small and medium-sized businesses, emphasizing the importance of good planning and reviewing current structures in light of these possible modifications.

READ: New Features of the Second Tax Reform of the Petro Government