Sector specific benefits
Colombia offers income tax exemptions in the sectors mentioned below. This benefit allows companies to pay 0%, instead of the general tariff of 25%. Companies will have to pay the CREE tax over the profits (9% for years 2013- 2015 and 8% as from 2016).
- Travel services, agricultural production, fisheries, mariculture, maintenance and repair of vessels, health, data processing, call center, financial brokerage services, technology development programs approved by Colciencias, maquila and education, offered by new businesses to be constituted, effectively installed and developed any of the above mentioned activities in the Archipelago of San Andres, Providencia and Santa Catalina from 1 January 2013 until 2017.
- Hotel services provided in new hotels constructed 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.
- Late yield crops planted until December 31, 2014, for a period of 10 years from the beginning of production.
- Electric power sales produced by generating companies based on aeolic resources (wind), biomass or agricultural waste until January 1, 2018.
- River transportation services provided with shallow draft vessels and barges that when loaded have a draft lower than 4.5 feet, until January 1, 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 benefit covers plantations established after January 1, 2003 and does not have temporary restrictions.
- The software, developed in Colombia and 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.
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.