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The VAT refund may be credited to the international credit card issued outside the country and indicated on the return request, or alternatively in cash.

Global payroll and tax firm TMF Group just released their 2021 Global Business Complexity Index (GBCI) that analyzes business administration and compliance across 77 jurisdictions, from the time it takes to incorporate a company, to changes in tax legislation, policies around...

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.

Colombia’s National Oil Association argues that the court’s ruling does not touch a critical article of Colombia’s tax code, Article 107.

Colombia’s attorney general says there is evidence that at least 14 different Colombian companies committed financial crimes through an elaborate scheme.

Luis Fernando Mejia offers a candid view of the nation's competitive challenges, the cloud of corruption that Odebrecht has created, and the future of regulations in Colombia.

Though the increase was welcomed by the government, the 126.7 trillion pesos collected came in below the target of 130.1 trillion pesos.

Editor’s note: Adrian Rodriguez, partner with the international law firm Lewin & Wills, has graciously allowed Finance Colombia to reprint the answers he prepared for a professional symposium for the benefit of our readers. Mr. Rodriguez may be contacted at the above links....

Beginning Wednesday, September 16th and 17th, 20 US companies will be visiting Colombia, accompanied by the US Chamber of Commerce and the US State Department. The delegation will be meeting with top Colombian government representatives to discuss different topics relevant to...

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...