How does an individual become taxable in your jurisdiction? An individual is subject to income tax in Colombia owing to residence status or upon deriving Colombian source income. Non-residents Non-residents are subject to income tax only on source income and they are only required to report income or assets derived or located in Colombia.
Colombian source income refers to income from activities undertaken within Colombian territory and certain activities rendered from abroad.
Applicable law refers to this as the provision of services inside Colombian territory, the transfer of assets located in Colombian territory at the time the transfer takes place and the exploitation of tangible or intangible assets located inside the country.