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RESOLUTION OF THE COLOMBIAN TAX AUTHORITY

New income tax return to be filed by foreign investors that transfer/cancel foreign investment in Colombia

By means of the Resolution No. 000069 of 2017, the Colombian Tax Authority defined that for the submission of the “Income Tax Return for Substitution of Foreign Investment”

 

By means of the Resolution No. 000069 of 2017, the Colombian Tax Authority defined that for the submission of the “Income Tax Return for Substitution of Foreign Investment” for taxable year 2018, it should be used the format No. 150. All the cancelations and substitutions made as of the January 1st 2018, shall be filed through said format.

The filing of format No. 150 is mandatory for the taxpayers that change the ownership of the foreign investment, due to a transaction or selling of the investment. The submission of the Income Tax Return for Substitution of Foreign Investment shall me performed by the investor electronically.