“Fair tax” is introduced by the Decree 2701 of 2013. “Fair Tax” is a tax which is payable by resident companies and non-resident companies deriving their income through a permanent establishment in Colombia.
The decree was issued by the Government on 22 November 2013 and is effective as from that date. Clarifications on elements and method to determine the CREE taxable base and Instructions on how to obtain reimbursements or credits for excess amounts paid; these are the main features of the Decree.
