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Misunderstanding of Colombian tax law can lead to extremely costly double taxation & expensive penalties - even jail!

The bill imposes new income taxes on Colombians earning more than $2,000 per month, plus petroleum & mining exports.

Santos signed three new directives aimed to support technology development and innovation, including a tax break for certain software and training programs.

The biggest risk for the economy is that Santos has now lost too much political capital to get tax reform passed this year.

Through the enactment of Law 1739 of December 23rd, 2014, the Colombian Tax Code was modified and certain mechanisms were created in order to avoid tax evasion. Below are the most relevant issues of the new Tax Reform: WEALTH TAX Taxpayers: Individuals and companies that are...