After the 1819 tax reform in 2016, the financing Legislation in 2018 and the regulation demanded by the UGPP, there is a clear indication of a negative impact for the Investor searching possibilities to generate revenue in the country. One of the most significant reasons has to do with the fact that after companies pay a 33% of income tax return on their own profits, stockholders who share them evenly must assume an additional approximate tax of 15 % which generates a final tax payment of 48% to the state. Additionally, the UGPP demands other perk payments from which a 12.5% equivalent to health stands out. Adding it to the previous 48% would give us a total of 60.5% in tax and perk payments that shows an excessive load in taxes and obligations entailing to an uninterested possibility for either new investors come to our country or that the ones that currently are in it consider to reinvest in Colombia.
