The Minister of Finance, Ricardo Bonilla, presented the Financing Law project to the Fourth Commission of the Senate, which aims to raise $12 billion in contingent resources to ensure the balance of the General Budget of the Nation in 2025.
The initiative seeks to implement fiscal policies that stimulate investment and support strategic sectors, while reducing the corporate tax burden.
During his speech, Bonilla explained that the project proposes a series of fiscal measures to reactivate the economyhighlighting the importance of attracting private investment in key areas such as tourism and the energy transition. The minister stressed that this law aims to obtain additional resources from the extractive sector and online games of luck and chance, which would guarantee the financing of priority projects for the development of the country.
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Among the most significant proposals of the project is the gradual reduction of the corporate income tax ratewhich would go from 35% to 27.3%, a measure that, according to Bonilla, would facilitate business competitiveness and boost economic growth. In addition, a measure is introduced that excludes the 19% VAT for hotel and tourism services in municipalities with less than 200,000 inhabitants, in order to promote tourism in the regions.
Another of the benefits mentioned by the minister is the granting of credits for the housing improvement through the National Savings Fund (FNA), without the need to mortgage the property, which is expected to positively impact the quality of life of Colombians.
The defense minister made it clear that this debate was only an unofficial presentation of this law, and that the only thing he could affirm is that new taxes will not be created, but rather that the rates will be adjusted to those already established. This law will be officially presented in the coming days before the joint economic commissions of the Senate and House of Representatives.
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