Since last year UGPP is being really strict on the inspections. The entity is paying special attention to detail when monitoring the companies in order to make sure everyone is in compliance.

The new president in Colombia, President Iván Duque, has proposed a tax reform bill to help the country boost economic growth and increase productivity.

El pasado 20 de noviembre de 2017 la Dirección de Impuestos y Aduanas Nacionales divulgó para comentarios y sugerencias, el Proyecto de Resolución "Por la cual se seleccionan unos contribuyentes para facturar...

After some years of only having the Andean Community (Peru, Bolivia, and Ecuador) treaty, Colombia keeps expanding the network of bilateral agreements intended to avoid double taxation.

Personas Naturales Con Activos En El Exterior Deberán Declararlos En El Formulario 160

Ratification notes of DTT with Spain were exchanged by both governments last 23 of July; thus it will enter into force on October 23, 2008 and will be applicable in 2009; DTTs with Chile and Switzerland are being discussed at Congress.

Every year companies must comply with local mandatory activities in order to fulfil legal requirements. Our local experts explain the main activities in Colombia and Mexico.

On December 30th, 2009, the Colombian Congress enacted the first tax reform act since 2006 ("Tax Reform Act No. 1370-2009"), adopting: (a) a new 2011 net-worth tax payable in installments from 2011 through 2014; (b) changes in the fixed assets investments deduction affecting all income taxpayers, including Free Trade Zones’ income taxpayers eligible for the reduced 15% income tax rate; and (c) a clarification to the current rule deeming related party debt as equity.

Colombia had two double taxation treaties, the first one with Spain, already approved by Congress through Act 1082 dated July 31, 2006, but pending favorable decision by the Constitutional Court about its constitutionality, and a second one with Chile, signed on April 19, 2007 and already presented to the Congress for its approval.

Por medio del comunicado de prensa No. 149 del 9 de octubre, la DIAN informó que en desarrollo de los Acuerdos de Intercambio de Información vigentes y de la Ley FATCA, recibió la información...

Por medio de la Ley 1739 de 2014 se introdujo en la legislación colombiana el impuesto de Normalización Tributaria, como un impuesto Complementario del Impuesto a la Riqueza, en virtud del cual la...

In an effort to promote an increase in both domestic and foreign investment in 2005, Colombian Congress enacted the Investment Stability Act.

Latin America countries are looking to attract business to their country and Colombia is not an exception but it is one of the most complex countries for accounting and tax compliance in Latin America.

El 26 de noviembre de 2019, se realizó la ponencia de la Reforma Tributaria que reemplazaría la Ley 1943 de 2018 (Ley de Financiamiento) ante el Congreso...

La residencia fiscal es un concepto de transcendental importancia para aquellas personas que poseen activos ubicados en el exterior o que reciben rentas provenientes de otros países.

This alert summarizes recent developments regarding the District of Columbia's attempt to decouple its local tax laws from the federal One, Big, Beautiful Bill Act (OBBBA) (Public Law 119-21)...

Compliance requirements around transparency are on the rise globally, and public ultimate beneficial owner (UBO) registers are one aspect of this that are becoming more commonplace...

Colombia's newest tax bill, enacted on December 29, 2016 through Law 1819 of 2016, modifies (among others) the following sections of the tax code, related to the transfer pricing regime...

Se están aproximando los vencimientos de los plazos finales para la presentación de las declaraciones al impuesto sobre la renta de los empleados, trabajadores por cuenta propia...

n order to fulfil the purposes of the Colombian National Development Plan 2018-2022, the government has promoted several legislative changes aimed at the reduction of unemployment rates among...