DECREE OF THE MINISTRY OF FINANCE
Definition of the ‘Zones Most Affected by the Armed Conflict’ –“ZOMAC”
New companies which have their main headquarters and carry out their economic activity in ZOMAC’s will receive tax benefits
Through Decree 1650 of 2017, the Ministry of Finance defined the methodology for the application of the benefits in the corporate income tax for new companies that initiate their economic activities in ZOMAC’s, as well as the list of the municipalities that integrate these areas affected by the armed conflict.
The general corporate income tax rate of the new small or micro enterprises, that initiate their activities in the ZOMAC, will be multiplied by the following percentages in order to obtain the applicable rate:
Moreover, the corporate income tax rate of new medium and large companies, that initiate their activities in the ZOMAC, will be multiplied by the following percentages: