Tax

For some time now Colombia has been adapting its tax system with the best tools provided by international tax law in order to compete in the global arena. At the same time, the government is focusing on internal tax collection and is searching for a better distribution of the tax burden among the various actors who contribute to producing the country’s riches. This chapter provides an overview of Colombia’s tax system, covering in particular areas of special interest to international investors, such as income tax, taxation of foreign companies, value-added tax, wealth tax, as well as recent measures to harmonize the tax code in line with international guidelines.

This chapter includes a viewpoint from Zandra Guerrero, Acting Partner, BDO.