Overview
- Governor Alfredo Cornejo signed and published decrees 2,762, 2,763 and 2,795 to enact the Budget, Valuation and Tax laws for 2026, with texts available in the Boletín Oficial as of December 16.
- The budget sets roughly 5 trillion pesos in spending and more than 5.6 trillion in total outlays, including 900 billion for capital, with earmarks of 140 billion for Metrotranvía III–IV, 100 billion for the Tren de Cercanías and 73 billion for education, plus 354 billion in roll-over authorization.
- The 2026 Impositiva maintains the three-tier Gross Turnover Tax, updates brackets by 2%, 3% and 4% for inflation and cuts up to 0.25 percentage points in primary, mining, manufacturing, gastronomy and hotel activities, benefiting about 2,300 taxpayers.
- The Stamp Tax’s general rate falls to 1% in 2026 with a plan to eliminate the tax by 2030, and rates for real estate, vehicle and farm machinery transfers drop by a further 0.25 points.
- The Avalúo law deploys mass property valuation using AI and a drone parcel census to align taxable bases, extends market updates to rural land and sets a minimum annual property tax of 43,645 pesos, while the Automotor tax keeps ACARA values and adds a one-time liberating payment for motorcycles up to 10 million pesos and vehicles model year 2005 or older, with a 50% discount for hybrids and EVs without arrears.