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Another aspect is the normalization tax complementary to income tax. This 17% tax would be reincorporated with the purpose of normalizing omitted assets or nonexistent liabilities, and would be in force for the year 2022. During 2021 an advance payment of 50% must be made.

This past week most headlines have been so contaminated with politics it has been hard to find much else to discuss. Everyone who ever picked up a banner and marched in Colombia is a descendant of Vladimir Lenin and anyone who ever owned a business has modeled it on the Victorian...

g and 80% of respondents stated that they would like to telework more in the future. Colombians are those most enthusiastic about telework at 80%, followed by Portugal with 77%, Mexico 76%, Brazil 72% and finally Spain and Italy, both with 68%.

The performance of Barranquilla-born Shakira in Sunday’s Super Bowl played at the Hard Rock Stadium outside of Miami is an obvious connection, but lesser known is the fact that 24 of Jennifer Lopez’s dancers are members of Cali, Colombia based Swing Latino salsa dance group. And...

Statistics announced by Colombia’s DANE statistics agency indicate that for the first 3 quarters of 2019, hotel occupancy reached a rate of 56.7%, and hotel revenues rose 11.7% over the same period the previous year, and the highest in the past 14 years. José Manuel Restrepo,...

In the first half of 2019, Colombia’s avocado exports are up 37.6% compared to the same period in 2018, according to ProColombia, Colombia’s export promotion agency, and DANE, the national statistics agency. This in contrast to a global increase in consumption of 3% according to...

In the first half of 2019, the number of international visitors passing through Colombian immigration continues its upward trend, with 2,865,070 foreign nonresident visitors between January & August, according to Colombia’s Ministry of Commerce, Industry & Tourism...

José Manuel Restrepo, Colombia’s Minister of Commerce, Industry and Tourism has announced a hotel occupancy rate for March of this year of 58.44% reached by hotel occupancy in March, according to figures released by DANE, Colombia’s national statistics agency. For Restrepo, this...

The 2.8% figure is the best result in any second quarter since 2015 and up from the 2.5% growth seen in the same period during 2017.

Compared to June, the consumer price index fell by 0.13% — significantly below the consensus forecast.