12 November 2021
Colombia has published Decree 1357 of 28 October 2021, regulating the criteria provided in Article 260-7 of the Colombian Tax Statute for preferential tax regimes. As provided in Article 260-7(2), preferential tax regimes are those that meet at least two of the following criteria, with further explanation provided by Decree 1357:
Note, similar criteria are provided in Article 260-7(1) for non-cooperative and low/no tax jurisdictions, although these are not the subject of Decree 1357.
In addition to providing further clarification on the criteria, Decree 1357 also provides that the following tax obligations arise from the performance of operations with persons, companies, or entities located in preferential regimes:
Decree 1357 is in force from 28 October 2021.
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