Colombian Tax Competitiveness in the Latin American Context

Abstract

This article examines Colombia’s tax competitiveness within the Latin American context, emphasizing its impact on attracting foreign investment and driving economic development. It analyzes key variables such as political and institutional stability, legal certainty, the structure of tax burdens, and the effects of recent reforms, along with the current status of Double Taxation Agreements signed by the country. Additionally, it provides a regional comparison of effective tax rates and identifies the main challenges that hinder fiscal competitiveness. Finally, it outlines strategic guidelines aimed at reducing the tax burden, simplifying the system, and harmonizing it with international standards, with the goal of consolidating a predictable, efficient fiscal environment aligned with the demands of the global economy.