Intellectual Property | Colombian Congress Studies Bill That Benefits Technology Companies - Media - Colombia Law Articles in English - Mondaq Business Briefing - Books and Journals - VLEX 648641669

Intellectual Property | Colombian Congress Studies Bill That Benefits Technology Companies

Author:OlarteMoure & Asociados LTDA
Profession:OlarteMoure & Asociados LTDA
 
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On 21 July 2016 was filed before the Colombian Congress a bill (022 of 2016) by which tax exemptions on income up to 30 years would be created for small and medium-sized companies on information and communications technology (ICT).

The bill -also known as the blue economy law- would apply the exemption to companies in the ICT industry for design, development, production, sale, marketing or licensing of new information technologies developed in Colombia, as long as they are covered by a new patent registered before the competent authority.

The technologies to benefit at least...

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