Colombian Commercial Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

15 July 2021 Baker & McKenzie Colombia S.A.S To print this article, all you need is to be registered or login on Mondaq.com. Do you want to compare other jurisdictions?... Click here 1 Legislative framework The Colombian Tax Code (Law 2010/2019); Unique Tax Decree 1625/2016; and All enforceable double taxation treaties. 1.2 Do any special regimes apply to specific individuals (eg, foreign nationals; temporary residents)? Foreign nationals or temporary residents are subject to income tax only on Colombian sou...

To embed, copy and paste the code into your website or blog: On December 22, the Colombian government issued the Decree 1733 of 2020 which regulates Law 2024 of 2020, the so-called “Fair Payments Law”. The Fair Payments Law established that all payments in money caused as consideration in mercantile operations must be made within the terms established by law. This is a mandatory law so any contractual provision to the contrary will be invalid. The decree clarifies, mainly, the following matters: Exclusions from the scope of the law: The following types of payment are excluded from the sco...