Term for the registry of technological contracts for the tax deduction of outbound payments

Law 1819 of 2016 established a fixed term of six (6) months for the registration of agreements for the importation of technology


Through its Revenue Ruling No. 0628 of March 23rd of 2017, the Tax Authority reaffirmed that the obligation of registering contracts for the importation of technology is not new and was not created by Law 1819 of 2016. On the contrary, the above mentioned obligation was introduced through Decree 187 of 1975 and allows the deduction of outbound payments incurred in connection with contracts for the importation of technology,

However, Decree 187 of 1975 did not establish a legal term for the registration of such contracts, as well as a consequence of not doing so. All of the above was introduced by article 72 of Law 1819 of 2016, which determines that for the tax deduction of the expenses incurred for technology contracts, patents and trademarks with foreign entities, these contracts should be registered within the 6 months following the signing of the agreement.