Americas > Compliance Markets & Taxes > Colombian Congress sinks fiscal bill proposing 30% cap on carbon tax offsetting

Colombian Congress sinks fiscal bill proposing 30% cap on carbon tax offsetting

Published 01:00 on December 10, 2025 / Last updated at 01:00 on December 10, 2025 / / Americas (Compliance Markets & Taxes, LATAM & Caribbean), Voluntary (VCM Governance)

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Colombia’s Congress on Tuesday voted to shelve a fiscal reform bill that sought to raise government revenues for 2026 and included significant amendments to the national carbon tax and its offsetting mechanism, with officials signalling that the administration may pursue alternative legal avenues – including a potential economic emergency – to legislate by decree.
Colombia’s Congress on Tuesday voted to shelve a fiscal reform bill that sought to raise government revenues for 2026 and included significant amendments to the national carbon tax and its offsetting mechanism, with officials signalling that the administration may pursue alternative legal avenues – including a potential economic emergency – to legislate by decree.


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