Colombia’s National Tax Authority (Dirección de Impuestos y Aduanas Nacionales – DIAN) has explained through Ruling No. 23001 that when a company is in liquidation it is still subject to the fairness tax (Impuesto sobre la renta para la equidad – CREE). These companies should therefore submit the relevant tax return. If the company in liquidation is in receipt of income that is taxable for CREE the liquidator of the company or other responsible officer in the liquidation must withhold the CREE tax in the relevant period.
