INTIEAColombia · Decree 829 of 2020 - Tax incentives for non-conventional renewable energies - streamlined procedurePolicyIn force

Decree 829 of 2020 - Tax incentives for non-conventional renewable energies - streamlined procedure

With the issuance of Decree 829 of 2020, the National Government facilitates the process of tax incentives defined in Law 1715 of 2014 by delegating the Mining and Energy Planning Unit (UPME) as the unique entity to evaluate and certify projects of non-conventional sources of…

Last changed 4 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

EffectiveJan 01, 2020
Last changeMar 22, 2022

Country / jurisdiction: Colombia · Year: 2020 · Status: In force · Level: National · Type: Voluntary

With the issuance of Decree 829 of 2020, the National Government facilitates the process of tax incentives defined in Law 1715 of 2014 by delegating the Mining and Energy Planning Unit (UPME) as the unique entity to evaluate and certify projects of non-conventional sources of energy. Companies will thus be able to access the tax benefits in 45 days instead of 3 months.

Through the National Development Plan 2018-2022 and Law 1715 of 2014, the National Government granted tax incentives for projects from Non-Conventional Sources of Energy (income deduction, VAT exclusion, exemption from tariff duties and depreciation accelerated) and energy efficiency (income deduction).

The updated regulations expand the investments that qualify as RES or EE investments, including activities such as plant expansion and process improvements. The decree also adds required legal studies to the list of activities that are already considered as valid investments. The non-electrical uses of RES are now included within the scope of EE for purposes of the special deduction.

Official source: https://dapre.presidencia.gov.co/normativa/normativa/DECRETO%20829%20DEL%2010%20DE%20JUNIO%20DE%202020.pdf

Source

https://www.iea.org/policies/12834

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45272NewsIn force

China's New Five-Year Plan Preps the Nation for Peak Oil

China's energy strategy has largely shielded it from the fallout of the war in Iran and the resultant closure of the Strait of Hormuz, a vital artery for global oil and gas trade. However, the country's newest five-year plan for its oil and gas sector reveals ongoing anxieties about geopolitical tensions, future conflicts, reliance on energy imports, and the country's dwindling crude supplies. Released to the public on Monday by the National Development and Reform Commission and the National Energy Administration, the newest five-year plan focuses…

INTEnergy Newsoilprice:oilprice-article-45290NewsIn force

The Race to Unlock the World’s Hidden Hydrogen Reserves

Countries around the globe are racing to become the world’s first geologic hydrogen hotspot. A few years ago, the United States Department of Energy released a bombshell report that estimated that there are trillions of metric tons of natural hydrogen deposits sitting in underground pockets around the world – and that a considerable amount of that could be extracted for industrial use. Energy companies around the world have been eagerly exploring for the most ideal locations to put that theory to the test – and they’re zeroing…

INTEnergy Newsoilprice:oilprice-article-45271NewsIn force

Low Rivers, High Stakes: Europe's Nuclear Cooling Crisis

The extreme heat experienced across Europe in recent weeks has caused widespread disruption to nuclear power plants. Governments across the region have been forced to take extraordinary measures to keep nuclear facilities operating, but some are failing to meet their goals, with river levels at record lows. This is expected to have a significant impact on Europe’s GDP, with economic losses in the billions. Europe has endured five heatwaves so far this summer, bringing record temperatures, prolonged drought, and wildfires, with many…

INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/oil_rises_as_us_targets_irans_economy-21-aug-2026-184437-article/?rss=trueNewsIn force

Oil Rises as US Targets Iran's Economy

Crude extended its rally as Asian demand strengthened while the Iran conflict continued to constrain global supplies.

INTEnergy Newsoilprice:oilprice-news-45294NewsIn force

Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way

Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it. Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 million bpd before the Iran war, Prime Minister Ali al-Zaidi said Friday. Iraq dispatched its oil and finance ministers to Saudi Arabia the same day to make the case for a higher OPEC production quota. OPEC+ has hired DeGolyer and MacNaughton to independently assess the maximum sustainable production capacity of most members, including Iraq. The consultancy…