Legal Bulletin



Withholding on income distributed by Securities and Investment Funds

DIAN Revenue Ruling No. 3937 of March 1st 2016


The Colombian Tax Authority – DIAN notes that in the case of profits generated by Securities and Investment Funds, under the provisions of Section 368-1 of the Tax Code and paragraph 2 of Section 1 of Decree 1848, 2013, the withholding is applied to the values that are actually paid, and therefore, participants in these funds must compute in their income tax returns the respective income at the time of payment. In this sense, DIAN clarifies its Revenue Rulings No. 55950 of September 5th and No. 9246 of March 27th 2015.