{"id":9187,"date":"2025-02-06T01:14:40","date_gmt":"2025-02-06T01:14:40","guid":{"rendered":"https:\/\/www.equm.com.co\/?p=9187"},"modified":"2025-02-06T01:40:35","modified_gmt":"2025-02-06T01:40:35","slug":"bulletin-no-12-analysis-of-the-increase-in-the-effective-tax-rate-tet-from-2022-to-2025-if-the-tax-reform-project-is-approved","status":"publish","type":"post","link":"https:\/\/www.equm.com.co\/en\/2025\/02\/06\/bulletin-no-12-analysis-of-the-increase-in-the-effective-tax-rate-tet-from-2022-to-2025-if-the-tax-reform-project-is-approved\/","title":{"rendered":"Bulletin No. 12 – Analysis of the increase in the effective tax rate (TET) from 2022 to 2025 if the tax reform project is approved"},"content":{"rendered":"
\n\t\t\t\t\t\t
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\"\"\u00a0<\/div>

\u00a0<\/strong><\/p>

NATURAL PERSONS<\/strong><\/span><\/p>

Analysis of the increase in the effective tax rate (TET) from 2022 to 2025 if the tax reform project is approved<\/strong><\/span><\/p>

\u00a0 \u00a0 1. \u00a0\u00a0\u00a0 Assumption<\/span><\/b><\/span><\/span><\/span><\/div>
\u00a0<\/b><\/span><\/span><\/span><\/div>

Two income scenarios are developed: i) medium-high and ii) high, with assets equivalent to 6 times the annual income.<\/span><\/span> <\/span><\/p>

The income and the value of the UVT[1] are the same for the three years 2022, 2024[2] and 2025. <\/span><\/span><\/span><\/p>

The TET is: the income and wealth tax divided by the income of the period<\/span><\/span>.<\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>

<\/p>

\u00a0 \u00a0 \u00a0 \u00a02. \u00a0\u00a0\u00a0 Exercise<\/span><\/span><\/span><\/span><\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><\/span>Scenario No. 1 Annual income $360 M ($30 per month) and assets $2,160 M<\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Scenario No. 2 Annual income $3,000 M ($250 per month) and assets $18,000 M\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Scenario No. 1<\/u>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/span><\/b><\/span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Scenario No. 2<\/u><\/span><\/span><\/b><\/p>

Concepts<\/span><\/b><\/b><\/span><\/p><\/td>

\u00a0<\/td>

Years<\/span><\/b><\/span><\/p><\/td>

\u00a0<\/td>

Years<\/span><\/b><\/b><\/span><\/p><\/td><\/tr>

\u00a0<\/td>

2022<\/span><\/b><\/b><\/span><\/p><\/td>

2024<\/span><\/b><\/b><\/span><\/p><\/td>

2025<\/span><\/b><\/b><\/span><\/p><\/td>

\u00a0<\/td>

2022<\/span><\/b><\/b><\/span><\/p><\/td>

2024<\/span><\/b><\/b><\/span><\/p><\/td>

2025<\/span><\/b><\/b><\/span><\/p><\/td><\/tr>

\u00a0<\/td>\u00a0<\/td>

Rent<\/span><\/b><\/span><\/p><\/td><\/tr>

Imcome<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 360<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 360<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 360<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0 3.000<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 3.000<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 3.000<\/span><\/p><\/td><\/tr>

Decreases<\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0 (163)<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0 (94)<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0 (94)<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0 (321)<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 (147)<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 (147)<\/span><\/p><\/td><\/tr>

Taxable base<\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 197<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 266<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 266<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0 2.679<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 2.853<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 2.853<\/span><\/p><\/td><\/tr>

Tax<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 61<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 61<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 963<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 1.031<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 1.059<\/span><\/p><\/td><\/tr>

TET<\/span><\/p><\/td>

\u00a0<\/td>

11%<\/span><\/p><\/td>

17%<\/span><\/p><\/td>

17%<\/span><\/p><\/td>

\u00a0<\/td>

32%<\/span><\/p><\/td>

34%<\/span><\/p><\/td>

35%<\/span><\/p><\/td><\/tr>

\u00a0<\/td>\u00a0<\/td>

Wealth<\/span><\/b><\/span><\/p><\/td><\/tr>

Net Base<\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0 2.160<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 2.160<\/span><\/p><\/td>

\u00a0\u00a0\u00a0 2.160<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0 18.000<\/span><\/p><\/td>

\u00a0 18.000<\/span><\/p><\/td>

\u00a0 18.000<\/span><\/p><\/td><\/tr>

Tax<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –\u00a0
<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –\u00a0
<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1<\/span><\/p><\/td>

\u00a0<\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 –\u00a0
<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 168<\/span><\/p><\/td>

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 216<\/span><\/p><\/td><\/tr>

TET<\/span><\/p><\/td>

\u00a0<\/td>

0%<\/span><\/p><\/td>

0%<\/span><\/p><\/td>

0%<\/span><\/p><\/td>

\u00a0<\/td>

0%<\/span><\/p><\/td>

1%<\/span><\/p><\/td>

1%<\/span><\/p><\/td><\/tr>

\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td>\u00a0<\/td><\/tr>

Consolidated TET<\/p><\/td>

\u00a0<\/td>

11%<\/span><\/b><\/span><\/p><\/td>

17%<\/span><\/b><\/span><\/p><\/td>

17%<\/span><\/b><\/span><\/p><\/td>

\u00a0<\/td>

32%<\/span><\/b><\/span><\/p><\/td>

40%<\/span><\/b><\/span><\/p><\/td>

\u00a0\u00a0 42%<\/span><\/b><\/span><\/p><\/td><\/tr><\/tbody><\/table><\/div>

(Figures in millions of pesos)
<\/span><\/span><\/p><\/div>

\u00a0 \u00a0 \u00a0 \u00a03. \u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/span>Increase in the Effective Tax Rate (TET) compared to 2022<\/span><\/span><\/p>

\u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Incomes up to $360 M, it is up to 6 percentage points.<\/span><\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Incomes from $480 M, it is up to 10 percentage points.<\/span><\/span><\/p>

\u00b7 \u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>The increase is due to:<\/span><\/span><\/p>

i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Decrease in the maximum limit for deductions and exempt income from $237 to $63 M[1] that are subtracted from the taxable base, with a greater impact on low incomes and a lower impact as income increases due to its marginal effect.<\/span><\/span><\/p>

ii) \u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Increase in the nominal rate from 2025:<\/span><\/span><\/p>

a. \u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Assets: Over $11,296 M would go from 1.5 to 2%.<\/span>\u00a0<\/span><\/span><\/p>

b. \u00a0\u00a0\u00a0 <\/span><\/span>Income: Incomes over $1.459 M would go from 39% to 41%.<\/span>\u00a0<\/span><\/span><\/p>

iii) \u00a0\u00a0 <\/span><\/span>Increase in subjects subject to wealth tax due to reduction of the threshold subject to tax ($1.883 M, previously corresponding to $3.389 M), affecting medium-high ranges.<\/span><\/span><\/p>

\u00a0 \u00a04. \u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/span><\/span><\/span>Comparison of highest nominal rent rate in other jurisdictions<\/span><\/span>\u00a0<\/span><\/span><\/p>

European Union<\/span><\/b>[1]<\/span><\/span><\/a><\/b><\/span><\/p><\/td>

United States<\/span><\/b>[2]<\/span><\/span><\/a><\/b><\/span><\/p><\/td>

Latin America<\/span><\/b>[3]<\/span><\/span><\/a><\/b><\/span><\/p><\/td>

Colombia<\/span><\/b><\/b><\/span><\/p><\/td><\/tr>

Without project<\/span><\/b><\/span><\/p><\/td>

With reform<\/span><\/b><\/span><\/p><\/td><\/tr>

42,8%<\/span><\/p><\/td>

42,3%<\/span><\/p><\/td>

30,2%<\/span><\/p><\/td>

39,0%<\/span><\/p><\/td>

41,0%<\/span><\/p><\/td><\/tr><\/tbody><\/table>

\u00a0<\/span><\/p>

The nominal rate would be very close to the average of the countries of the European Union or the United States and well above the average of the region.<\/span><\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0Bibliographic References<\/span><\/span><\/b><\/p>

\u00a0 \u00a0 \u00a0 \u00a0[1]<\/span><\/span><\/a> The UVT value for the year 2024 was used, that is, $47,065.<\/span><\/span><\/p>

\u00a0 \u00a0 \u00a0 \u00a0[2]<\/span><\/span><\/a> The year 2023 was not developed, considering that the rules are the same for the year 2024.<\/span><\/span><\/p><\/div><\/div>

\u00a0 \u00a0 \u00a0 \u00a0[3]<\/span><\/span><\/a> The variation originated in Law 2277 of 2022.<\/span><\/span><\/div>
\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/div>

\u00a0 \u00a0 \u00a0 [4]<\/span><\/span><\/a> Taken from:<\/span><\/span><\/span><\/p>

https:\/\/taxfoundation.org\/data\/all\/eu\/top-personal-income-tax-rates-europe-2024\/?<\/span><\/span> utm_content=282123396&utm_medium=social&utm_source=linkedin&hss_channel=lcp-47652<\/span><\/span><\/span><\/p><\/div>

\u00a0 \u00a0 \u00a0 \u00a0[5]<\/span><\/span><\/a> Average combined maximum federal and state income tax rate for the 50 US states and the District of Columbia as of January 2024. Taken from: Taxfoundation (see previous note).<\/i><\/span><\/span><\/p><\/div>

\u00a0 \u00a0 \u00a0 \u00a0\u00a0[6]<\/span><\/span><\/a> Taken from: https:\/\/taxsummaries.pwc.com.<\/span><\/span> Colombia is included with the nominal rate of 39%.<\/span><\/span><\/span><\/span><\/p><\/div><\/div><\/div>



<\/p><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 NATURAL PERSONS Analysis of the increase in the effective tax rate (TET) from 2022 to 2025 if the tax reform project is approved \u00a0 \u00a0 1. \u00a0\u00a0\u00a0 Assumption\u00a0 Two income scenarios are developed: i) medium-high and ii) high, with assets equivalent to 6 times the annual income. The income and the value of […]<\/p>","protected":false},"author":4,"featured_media":7810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/posts\/9187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/comments?post=9187"}],"version-history":[{"count":4,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/posts\/9187\/revisions"}],"predecessor-version":[{"id":9192,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/posts\/9187\/revisions\/9192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/media\/7810"}],"wp:attachment":[{"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/media?parent=9187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/categories?post=9187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equm.com.co\/en\/wp-json\/wp\/v2\/tags?post=9187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}