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Colombia’s Tax Authority, DIAN has clarified the withholding tax rate applicable to payments made abroad based on the provisions of Law 1739 of 2014. Article 28 of Law 1739 of 2014 set forth that revenue obtained by companies and foreign entities, that is not attributable to a...

Colombia’s largest chain of brew pubs, Bogota Beer Company (BBC), has been sold to Ambev, the Brasil based subsidiary of global beer and beverage giant Anheuser-Busch Inbev, owner of brands such as Budweiser, Corona, Skol, and Stella Artois. The transaction was led by Colombian...