The Superintendence of Companies, through a recent administrative proceeding, imposed a fine of COP $150 million on Cooperativa Multiactiva de Desarrollo Integral – COOSALUD for having reported, in an untimely and incomplete manner, the situation of control it exercised over nine companies.
What should you consider regarding the Wealth Tax for legal entities?
No. The Colombian Supreme Court of Justice, in decision SC2119 of 2025, clarified that a civil trust must be subject to a condition and not to a term. Accordingly, the High Court concluded that it is not legally permissible to make a trust agreement contingent solely upon the death of the settlor, since such an event constitutes a term rather than a condition.
By 2026, individuals and legal entities must comply with their formal and substantive obligations on the dates determined by the national government. Therefore, we detail below the UVT value and the due dates for filing and paying the main national taxes:
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 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.
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...
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