The 2025 Tax Reform proposal, presented by the National Government, seeks to raise around 26 billion pesos to finance the 2026 budget. The proposal includes significant changes to various aspects of the tax system, from direct and indirect taxes to procedural rules and fiscal control.
On July 20, 2025, a bill was presented to the House of Representatives that adopts economic, tax, and financial measures to boost economic reactivation.
According to Section 592 of the Colombian Tax Code, residents are required to file an income tax return for FY 2024 if they meet the following conditions:
This bulletin provides guidance on the treatment of Value Added Tax (VAT) applicable in Colombia and the export of services rendered from Colombia to abroad, in accordance with current regulations.
Colombia has a special labor law that regulates the legal relations between the employer and the employee, especially those related to the employment contract, labor claims and the termination of the employment relationship.
The Government of Valle del Cauca issued Ordinance No. 692 on May 13, 2025, through which it adopts the new Departmental Tax Code. This reform aims to modernize, simplify, and consolidate the region’s tax regulations.
The Colombian tax system is composed of national and local taxes (departments and municipalities).
As cross-border investments in Colombian companies continue to grow, the Superintendence of Corporations, through Official Opinion No. 220-231337 dated September 3, 2024, addressed the permissibility of distributing dividends in kind to non-resident shareholders. This interpretation is grounded in the principle of equal treatment, as established in Decree 1068 of 2015.
We present a guide that provides an overview of the legal aspects of the most commonly used investment vehicles in Colombia, as well as a compilation of the most relevant current commercial and economic trends that will be of great help to companies and investors.
Article 30 Law 222 of 1995. Control Situation Record
The accurate determination of applicable taxation on dividends constitutes a key aspect of tax compliance in Colombia. This bulletin aims to address the main regulatory and operational guidelines that must be considered when applying withholding tax and determining reportable income in the income and complementary tax return, both for resident and non-resident taxpayers. The focus is centered on the...
In this case, the Supreme Court of Justice of Colombia upheld a ruling by the Higher Court of Bogotá, which denied the claims of the Panamanian company Coloca International Corporation S.A. The claims sought the reimbursement of approximately USD $3,477,350, corresponding to funds loaned to Banco del Estado S.A. as part of commercial loan transactions carried out in Panama and deposited into a Citibank...
On June 19, the District Treasury Secretary of Bogotá issued Resolution DDI-010349, which establishes the conditions and specifications for the electronic/magnetic media information that taxpayers and/or obligated entities must submit to the Bogotá Tax Office for the 2024 taxable year.
With the rise of fully digital business models, many companies have chosen to operate without physical premises, conducting all their activities through digital channels. This shift has raised legal questions about how the concept of a corporate domicile should be understood in this new context. In response, through ruling 220-002803 of March 17, 2025, the Superintendency of Companies reaffirmed the...
El Gobierno Nacional, a través del Decreto 0572 del 28 de mayo de 2025, introdujo modificaciones al Decreto Único Reglamentario en Materia Tributaria 1625 de 2016, específicamente en lo relacionado con las tarifas de autorretención y las bases mínimas para aplicar la retención en la fuente. Estas disposiciones entrarán en vigor a partir del primer día calendario del mes siguiente a su publicación,...
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