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Colombia Set Revised Tax Duties

Colombia

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:
Mauricio Pineros
T. +573 321 0295 ext 221
E. mpineros@gpzlegal.com

Taxand's Take


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.

 

Taxand's Take Author