Colombia introduces 15% wealth tax on liquid assets over $5M from 2027-2030

Colombia's government has established a 15% tax normalization scheme targeting taxpayers with omitted assets or fictitious liabilities, with the wealth tax applying to liquid values above $5.002 million from 2027 to 2030. The measure aims to increase fiscal revenue but raises uncertainty over its impact on investment and capital flight. This is a domestic fiscal policy development with potential market implications for Colombian assets.

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