Yesterday, February 24, 2026, the Ministry of Finance, acting under Legislative Decree 0150 of February 11, 2026 (economic emergency), issued Decree 0173, which regulates the application of the Wealth Tax for legal entities, adopting extraordinary tax measures aimed at financing the expenses arising from the state of economic, social, and ecological emergency.

The main provisions of the Decree are as follows:

Temporary measure (FY 2026 only): Legal entities and de facto partnerships that are corporate income tax taxpayers and filers become wealth tax liable persons (taxpayers) for FY 2026.

Taxable event: Ownership of net worth as of March 1, 2026, with a value equal to or greater than 200,000 UVT (COP 10,474 million).

No retroactive effect.

Rate: Generally 0.5%; for certain activities (mainly the financial and extractive sectors) the rate is 1.6%.

Tax base: The gross net worth held as of March 1, 2026 minus liabilities determined in accordance with Title II of Book I of the Colombian Tax Statute. As a general rule, the following are excluded from the tax base: the tax value of shares or equity interests in domestic companies; real estate related to environmental control and improvement activities of public water utility companies; the technical reserve of Fogafín and Fogacoop; and members’ equity contributions of entities belonging to the Special Tax Regime.

Filing and payment: DIAN must prescribe the corresponding form. The return, together with payment of 50% of the tax, must be filed no later than April 1, 2026, and the second 50% installment must be paid on May 4, 2026.

Contact us to obtain more information on how this Decree may impact your business and create new tax obligations.

See: attached PDF document.