Sector specific benefits
Colombia offers income tax exemptions in the sectors mentioned below. This benefit allows companies to pay 0%, instead of the general rate of 25%. Companies will have to pay the CREE tax of 9% over the profits as well as a CREE surcharge of an additional 5% starting in 2015, which will increment up to 9% in 2018.
- Travel services, agricultural production, fisheries, mariculture, maintenance and repair of vessels, health, data processing, call centers, financial brokerage services, technology development programs approved by Colciencias, maquilas and education business, offered by new businesses that develop any of the above mentioned activities in the Archipelago of San Andres, Providencia and Santa Catalina from January 1st 2013 until January 1st, 2017.
- Hotel services provided in new hotels built between 2003 and December 31, 2017, for a period of 30 years.
- Hotel services provided in hotels remodeled and/or expanded until December 31, 2017, for a period of 30 years.
- Ecotourism services for 20 years beginning from 2003.
- Sale of Aeolian, biomass or agricultural waste - based energy by generator companies until January 1st, 2018.
- River transportation services provided with shallow draft vessels and barges that when loaded have a draft lower than 4.5 feet, until January 1st, 2018.
- Publishing companies devoted to publishing books, magazines, brochures or scientific or cultural collectible series are exempt until December 31, 2033.
- New forestry plantations and sawmills.
- The software developed in Colombia with protected intellectual property rights, with high content of national scientific and technological research, certified by Colciencias, for a term of five (5) years from January 1, 2013.
Incentives to investment and donations for Scientific and Technological Development:
Income taxpayers who directly or indirectly invest in, or give grants to, projects qualified as technological research and development can deduct from their net income 175% of the amount invested. Such deduction shall not exceed 40% of taxable income.