President Gustavo Petro's government presented its third tax reform to Congress, focusing on increasing the tax burden on companies in the coal and oil sectors.
According to the Ministry of Finance, the initiative seeks to strengthen the energy transition policy and generate greater resources for social programs. The measures include additional taxes on the exploitation and export of hydrocarbons and minerals.
The bill has sparked debate about the future viability of these businesses in the country, as unions and analysts point out that the new taxes could reduce competitiveness and accelerate the outflow of investment from the sector.
The government argues that the reform is necessary to advance economic diversification and reduce dependence on fossil fuels, in line with international climate commitments.