Law 1819/2016 on Structural Tax Reform

The Colombia carbon tax (Impuesto Nacional al Carbono) was adopted as part of a structural tax reform and launched in 2017. It is a tax on the carbon content of liquid and gaseous fossil fuels, including all petroleum derivatives, used as propellant, in stationary combustion, or for heating. It does not apply to solid fuels including coal and applies to natural gas only when used in refineries or the petrochemical industry. The tax applies in any of three moments associated with the fossil fuel distribution chain:• When it is sold in the national territory.
 The tax is recalculated annually (on February 1st) to take inflation into account.

Source: World Bank, Carbon Pricing Dashboard

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