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US President Barack Obama signed into law last month House Resolution 22, the “Fixing America’s Surface Transportation Act,” known by its acronym as the “FAST  Act.” Though ostensibly highway funding legislation, the new law adds Section 7345 to the Internal Revenue Code that...

The global law firm Dentons has announced that it will be establishing its first physical presence in Latin America and the Caribbean, with its intent to combine with Colombia’s Cárdenas & Cárdenas, and Mexico’s López Velarde, Heftye y Soria (LVHS). The announcement follows...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated two high-ranking members of the violent Colombian drug trafficking organization Los Urabeños as Specially Designated Narcotics Traffickers (SDNTs) pursuant to the Foreign Narcotics...

Colombia’s defense ministry, Coges International, and Corferias – Bogotá’s primary convention venue, are holding the 5th edition of Expodefensa, an event showcasing security and defense industry innovation and technology for Latin America.  The international event serves as a...

STATEMENT BY SECRETARY KERRY Colombia Peace Process I am very pleased to see that the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) have reached major breakthroughs on the outstanding issues in the peace process negotiations:  transitional justice,...

Last week in New York City during the International Tax Review award event for The Americas honoring top tax lawyers, auditors and accountants, the international law firm Baker & McKenzie won several awards categories including Tax Firm Of The Year for Colombia, Tax Firm Of...

The terrorist actions in recent months against the infrastructure of Ecopetrol, has been compounded by another recent menace: theft of copper cables that supply electrical power to oil wells. So far in 2015, Ecopetrol has reported 393 thefts of copper wire in three production...

Colombia may be the newest route for migrants traveling illegally to the United States from third countries, according to a new documentary by the Discovery Channel and Caracol Television.  The country serves as a transit point for many who undertake this perilous journey,...

Finance minister Maurice Cardenas signed a Foreign Account Tax Compliance Act (FATCA) intergovernmental agreement, with US Ambassador Kevin Whitaker last Wednesday. The bilateral agreement is aimed at combating offshore tax evasion by promoting the exchange of information between...

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...