Colombia Introduces Temporary Emergency Wealth Tax for Disaster Relief

Colombia has published Decree No. 0173 of 24 February 2026, which introduces a temporary emergency wealth tax for disaster relief. The tax is introduced in the context of the recent catastrophic floods and weather events, for which a state of emergency was declared through Decree No. 0150 of 11 February 2026. The temporary emergency wealth tax is levied on large corporations and legal entitie…