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Colombia Set Revised Tax Duties
The Colombian Government has put forward a number of amended tax duties for companies to follow. Taxand Colombia summarises the duties that companies must adhere to, to ensure that they are complying with Colombian tax law.
Your Taxand contact for further queries is:
T. +573 321 0295 ext 221
A number of changes have been made to the Colombia tax law such as how tax returns should be filed and when. In terms of transfer pricing, companies are advised to file separate or consolidated informative returns and keep supporting documentation regarding the transactions made with foreign parties. Separate transfer pricing filing dates have also been set to file individual and consolidated returns and multinationals should keep this in mind to ensure they are being compliant.