Colombia President Posts Decree Explaining Preferential Tax Regime Rules

The Colombian President’s Office Oct. 28 posted online Decree No. 1357, explaining the rules regarding preferential tax regimes and tax havens for tax year 2022 under Action 5 of the Base Erosion and Profit Shifting (BEPS) project. The guidance explains: 1) the criteria used to define a preferential tax regime; and 2) the obligations of taxpayers conducting business with entities located in preferential tax regimes, including tax withholding procedures and transfer pricing requirements. The decree enters into force the same date. [Colombia, Office of the President, 10/28/21]

Reference:
View Announcement. View Decree No. 1357. View Index.