Law 2277 of 2022 introduces amendments to the national carbon tax, outlined as follows:
- The exemption from the national carbon tax shall not exceed 50% of the tax incurred under any circumstances.
- The use of carbon-neutral certification to exempt from the carbon tax cannot be reused to obtain the same benefit or any other tax treatment.
- The national carbon tax is not incurred for taxpayers who certify themselves as carbon-neutral, whether the certification is obtained directly by the taxpayer or by the end consumer in accordance with regulations issued by the Ministry of Environment and Sustainable Development.
Further Considerations
- The tax does not apply to coking coal
- The Ministry of Environment and Sustainable Development may regulate control mechanisms and define technical criteria for greenhouse gas mitigation outcomes used to qualify for the non-incurrence mechanism.
