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Decree 463 of 2016 issued by the Ministry of Treasury modifies the former regulation regarding exempted income obtained from hotel services rendered by new hotels, granting an attractive extension for the benefit to apply.

Article 207-2 of the Colombian Tax Code (CTC) sets forth a beneficial tax treatment for the hotel sector as it provides as exempted income the revenues obtained from hotel services rendered by new hotels. This treatment pursues the enhancement of tourism in Colombia by encouraging the construction of new hotels in the country.
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