Bogotá's Finance Commission approves first debate of tax reform project for a smart city
The Bogotá Finance Commission approved the first debate of the tax reform project, officially titled Project of Agreement 724 of 2026, with eight votes in favor and three against. The administration announced that the proposal includes new Industry and Commerce Tax (ICA) rates for the financial, automotive, alcoholic beverage, and tobacco sectors. Additionally, the project introduces a surtax on real estate taxes to fund the modernization of public lighting infrastructure. The automotive sector will see differentiated rates based on technology, with electric vehicles paying 8 per thousand, hybrid vehicles 10 per thousand, and other motorized vehicles 11 per thousand. The administration defended these rates, noting that the current rate is 6.9 per thousand. While the National Association of Sustainable Mobility, Andemos, warned that the tax burden could be partially transferred to vehicle prices, the administration maintained that there is no evidence that these differences in municipal tariffs have generated discriminatory pricing in the past. The project also includes incentives for new investments and discounts for taxpayers with pending obligations. The initiative must now pass the plenary of the Council before being sanctioned by Mayor Carlos Fernando Galán.
Sources
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Reforma tributaria de Bogotá: 5 cambios que pasaron el primer debate
El Espectador
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Reforma tributaria de Galán va a la plenaria del Concejo de Bogotá: estos son los puntos que fracturan al cabildo
El Tiempo
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Precio de carros nuevos en Bogotá: alerta por aumento del ICA hasta 59,4 %
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Andemos se pronunció en contra del incremento de la base de impuestos en Bogotá
LaRepublica.co