On 16 March 2017, the Colombian National Tax Authority (DIAN) published a Ruling 5797-2017 stating on the validity of the fairness tax (CREE) and the CREE surcharge. In accordance with this ruling, under Law 1819 of 2016 (the tax reform), as from 1 January 2017, the CREE tax and the CREE surcharge are no longer applicable.
Law 1819-2016 introduced a correct explanation on the changes, DIAN published several guidelines on the validity of the CREE tax and surcharge as the tax reform unifies the income tax and CREE tax as from tax year 2017, the CREE tax was still applicable for tax year 2016.
