Colombia's National Business Council warned that the emergency patrimony tax inflicts irreversible patrimonial damage on thousands of firms. President Natalia Gutiérrez criticized the government's repeated arguments despite prior court rulings. The group proposed suspending the decree.
Colombia's National Business Council (CGN) voiced concerns over the emergency patrimony tax's impact. President Natalia Gutiérrez stated that each day without legal clarity solidifies “an irreversible patrimonial damage for thousands of companies and jobs”. Over 15,000 firms must pay the levy.
Gutiérrez noted the government repeats arguments struck down by the Constitutional Court in Ruling C-075 of 2026. “The failure to pass financing laws, fiscal rule restrictions, and pandemic legacies are not supervening or extraordinary events”, she said. The Comptroller also flagged “high uncertainty, lack of traceability, and absence of detailed technical support” for the $8.3 trillion to be collected.
She criticized Decree 173 for bypassing ordinary resources like the National Risk Management System or international cooperation. Gutiérrez cited Ruling C-521 of 2019, which excluded legal entities as their assets are productive capital, not personal wealth.
Issued on February 24, 2026, the decree set accrual on March 1, first payment April 1, and second May 4. Gutiérrez called it confiscatory due to tight deadlines, highlighting double taxation with income tax and a 1.6% rate—over triple the standard 0.5%—for financial and extractive sectors without justification.
