Colombia: DIAN confirms RUT does not expire, only updated for specific changes
Colombia’s National Tax Authority (DIAN) has confirmed that the Unique Tax Registry (RUT) remains valid indefinitely and only needs to be updated if a taxpayer changes their residence, phone number, email, economic activity, tax obligations, or
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Colombia issues new reporting rules for digital platform operators
Colombia’s Directorate of Taxes and Customs (DIAN) has introduced Resolution 199 of 2024 on 19 December 2024, mandating digital platform operators to submit information. Reports must be submitted electronically every year by the last business
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Colombia: Tax Authority clarifies tax losses and exempt dividends under CHC regime
Colombia's tax authority issued Official Tax Opinion No. 100208192-69 on 17 January 2025, providing clarification on the treatment of tax losses and corporate income tax-exempt dividends under the Colombian holding company (CHC) regime. An
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Luxembourg: Council of State approves tax treaty ratification with Colombia
Luxembourg's Council of State has given its approval for the ratification of the income and capital tax treaty with Colombia on 4 February 2025. Earlier, Luxembourg’s Government Council approved the ratification of the income and capital tax
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Colombia introduces tax form for non-residents with a significant economic presence
Colombia’s tax authority (DIAN) has released Resolution No. 000004 of 24 January 2025, introducing Form No. 115 for income and complementary tax returns for non-residents with significant economic presence (SEP) in Colombia. The Form 115
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Colombia updates list of non-cooperative jurisdictions with low or no taxation
Colombia's Ministry of Finance issued Decree No. 1496 on 13 December 2024, updating the list of tax havens. This decree, which came into effect on 1 January 2025, includes the following 25 jurisdictions: Angola Bahamas Bahrain Cape
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Luxembourg: Government Council approves ratification of tax treaty with Colombia
Luxembourg's Government Council has approved the ratification of the income and capital tax treaty with Colombia on 13 December 2024. The agreement was signed on 19 January 2024. It seeks to eliminate double taxation with respect to taxes on
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Colombia: Congress rejects proposed Tax Reform Bill
The tax reform bill proposed by Colombian President Gustavo Petro was rejected by the four economic committees of the Colombian Congress on 11 December 2024. The rejection of the tax reform comes after Congress also rejected the government’s
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Colombia: DIAN sets tax value unit for 2025
The Colombian National Tax and Customs Directorate (DIAN) issued Resolution No. 000193 on 4 December 2024, setting the tax value unit (UVT) at COP 49,799. The UVT is a tool in the Colombian tax system which allows for the annual update of tax
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Colombia: Court upholds 15% minimum tax provisions
The Constitutional Court of Colombia has released a press statement detailing its latest rulings on 21 November, which upholds the nation’s newly implemented 15% minimum tax. Colombia introduced a new minimum tax, “Tax Reform for Equality and
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Colombia consults new tax haven list
The Ministry of Finance in Colombia has released a draft decree for public consultation, proposing a new list of 25 jurisdictions classified as non-cooperative due to their low or zero taxation (commonly referred to as tax havens). The deadline
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Colombia: National Tax Authority updates reporting requirements for 2025
Colombia’s National Tax Authority (DIAN) has updated rules for submitting certain tax information starting with the 2025 tax year. The changes, detailed in Resolution 000188 of 30 October 2024, expand the list of taxpayers required to report
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Colombia: DIAN proposes adjusted tax value unit for 2025
The Colombian National Directorate of Taxes and Customs (DIAN) has published a draft resolution proposing to adjust the tax value unit the Tax Value Unit (UVT) for 2025 at COP 49,799. Comments on this draft resolution opened for submission until
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Colombia issues ruling on taxation for non-resident entities with significant economic presence
Colombia’s tax authority, DIAN, recently issued Ruling 890 on 17 October 2024, offering guidance on several tax matters for non-residents with a significant economic presence (SEP) in Colombia. Earlier, on 27 November 2023, the Colombian Ministry
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Colombia: DIAN mandates certification for third-party debts under thin capitalization rules
The Colombian tax authority (DIAN) issued Ruling 803 of 23 September 2024, released on 1 November 2024, which provides guidance on the necessary certification of third-party debts for interest deduction purposes under the thin capitalization
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IMF: Labour Market Participation in Latin America
On 25 October 2024 the IMF launched the latest Regional Economic Outlook for the Western Hemisphere. A background paper to the report with the title Closing the Gap: Labor Market Participation in Latin America examined ways to increase labour force
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Colombia clarifies Significant Economic Presence rules under corporate income tax regulations
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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Colombia: Government to stand firm on 2025 budget value
Colombia's Finance Minister Ricardo Bonilla says that the proposed 2025 budget will remain at COP 523 trillion (approximately USD 123.9 billion) in an interview with Reuters on Tuesday, 17 September 2024. Earlier, Congress had refused to approve
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