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Legal Bulletin

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CONSEQUENCES OF THE LIQUIDATION OF SILENT PARTNERSHIP AGREEMENTS

Income Tax  

Colombian Tax Authority clarified how the contributions and returns should be treated in case of liquidation of Silent Partnership Agreements  

REQUIREMENTS FOR THE APPLICATION OF TAX BENEFITS FOR SOCIAL HOUSING PROJECTS

Income Tax  

By means of Revenue Ruling No. 8248 of 2018 Colombian Tax Authority referred to the requirements in order to apply tax benefits for social housing projects

TAX BENEFITS FOR THE INVESTMENT ON CLEAN AND RENEWABLE ENERGY SOURCES

Income Tax

Colombian Tax Authority clarified the procedures and conditions that investors and companies must comply with in order to access to tax benefits for the investment in clean energy sources  

EXCHANGE RATE APPLICABLE FOR OPERATIONS IN FOREIGN CURRENCY

Income Tax  

The National Government ruled by means of Decree No. 1453 of 2018 the exchange rate taxpayers must apply for operations in a foreign currency different than US dollar 

PROCEDURE TO FILE INFORMATIVE TRANSFER PRICING RETURN

International Taxation

 By means of Resolution No. 0000040 of 2018, the Tax Administration established the procedure to file the Informative Transfer Pricing Return of taxable year 2017 or fraction of the taxable year 2018  

SELF-DIAGNOSIS FOR CLOUD COMPUTING SERVICE TO BE VAT EXEMPTED

VAT

The Tax Authority established the requirements for cloud computing services to be VAT exempted and the self-diagnosis that providers must perform

DIAN GUIDELINES TO GUARANTEE LEGAL SECURITY

Tax Procedure

Through its Circular No. 20 of 2018, the Tax Administration indicated the way its officials have to act before the taxpayers

ELECTRONIC SIGNATURE FOR FILING LOCAL TAXES IN BOGOTA

Industry and Trade Tax

As of September, taxpayers in Bogotá may use an electronic or digital signature to file and sign their local tax returns

COUNTRY BY COUNTRY REPORT OBLIGATIONS COULD BE DUE EVEN IF NO TRANSFER PRICING DOCUMENTATIONS MUST BE FILED

International Taxation

Transfer pricing obligations are due as of the 11th of September and a Country by Country report notification could be due even if the taxpayer is not required to file Informative Transfer Pricing Return and Transfer Pricing Documentation