According to a recently published administrative regulation 1233 of 2016, the Financial Supervisory Authority of Colombia provided the effective annual interest rate applicable in the case of late payment of taxes. The late payment interest rate is 32.99% and is valid from 1 October 2016 to 31 December 2016.
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The Colombian tax authority (DIAN) has released new guidance on how companies should interpret the concept of Significant Economic Presence (SEP) under the country’s corporate income tax rules. In Ruling 713, issued on 28 August 2024, DIAN
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