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DECREE OF THE MINISTRY OF FINANCE

Requirements and conditions to access to the tax benefit for investments in the control, conservation and improvement of the environment

Legal entities that perform this type of investments will be entitled to deduct from their due income tax twenty-five percent (25%) of the investment

 

By means of Decree 2205 of 2015, the Ministry of Finance established the requirements and conditions to access to the tax benefit for investments in control conservation and improvement of the environment.

In order to access to the tax benefit, the taxpayer must prove the fulfillment of the following requirements:

  1. The taxpayer who makes the investment must be a legal entity;
  1. The investment made in the control, conservation and improvement of the environment must be made directly by the taxpayer;
  1. The investment must be made in the taxable year in which the corresponding discount is requested; and
  1. Prior to the filing of the income tax return in which the discount of the investment is requested, it must request a certification of the competent environmental authority.