Colombia has published Decree 359 of 5 March 2020, which regulates certain aspects of individual income tax, including a new withholding table for employment income. The monthly brackets/rates are based on the tax value unit (UVT) as follows:

• up to UVT 95 - 0%
• over UVT 95 up to 150 - 19%
• over UVT 150 up to 360 - 28%
• over UVT 360 up to 640 - 33%
• over UVT 640 up to 945 - 35%
• over UVT 945 up to …