An Overview Of Recent Tax Reforms In Colombia
Our Colombian managing director gives insight into the changing landscape of tax in his country
Since January 2015 companies operating in Colombia have been challenged to a new tax reform. It seems to be a negative issue for foreign companies but it is necessary to take a look deeply to realise the real impact on multinational companies.
Lately, Latin American countries are in a constant battle to attract Foreign Direct Investment and Colombia has not been an exception being considered as an investment hub nowadays. Incentives such as 1429 law, which gives tax benefits in the first five years of operation, the attractiveness of the SAS type business entity, among others, have strengthened foreign investments.
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