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According to article 241 of the Tax Statute, the tax rate of the year 2022, went from 0 to 10% by 2023 from 0 to 39%

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

In an effort to simplify how business is conducted (and taxes are assessed), many national governments enter into legal agreements designed to clarify the law and mitigate double taxation. The ultimate goal of these agreements is to encourage economic activity and investment...

Iván Duque won convincingly in a second-round run off election over leftwing candidate Gustavo Petro, a controversial former M-19 guerrilla member.

Colombians today will put either rightwing candidate Iván Duque or leftist Gustavo Petro in office for the next four years.

Duque says that tax reform to cut the corporate rate below 30% is one of the ways Colombia can get back to 5% annual GDP growth.

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

Finance Colombia Executive Editor Loren Moss recently made the trip to Manizales to discuss the progression of Colombia's wine scene with Bernal and also to understand why someone in the wine industry would abandon an international capital like Bogotá for a small, mountainous...

Finance Minister Mauricio Cardenas says the overhaul "is a difficult measure that will require a large sacrifice of all Colombians — but it is necessary."

"The potential to grow in Colombia is immense," said President Santos.