We are offering a summary of the main tax amendments proposed by the Government. As it is a bill, it may undergo substantial changes when discussed in Congress.
At a ceremony held last night in New York, the Garrigues Tax Department in Colombia received the Americas Tax Policy Team of the Year award. The event brought together the leading firms from 12 North, South and Central American countries, including the United States and Canada.
The Colombian government issued Decree 415 of March 2 of 2018 which modifies the capital requirements applicable to trust companies, managers of pension and severance funds, stock brokerage companies, investment management companies and insurance companies.
A new ruling by the DIAN, no. 010 dated February 6, 2018, requires major taxpayers - i.e. those classed as such pursuant to ruling no. 076 of 2016 - to issue electronic invoices in accordance with the provisions of decree 2242 of 2015. The tax authorities will be able to enforce compliance with this obligation as from September 1, 2018.