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According to article 241 of the Tax Statute, the tax rate of the year 2022, went from 0 to 10% by 2023 from 0 to 39%

Browse through brief employment and labor law updates from around the globe. Contact a Littler attorney for more information or view our global locations.View all Q4 2022 Global Guide Quarterly updates Download full Q4 2022 Global Guide QuarterlyNew Tax Reform in ColombiaNew Legislation EnactedAuthor: Juliana Ramos, Associate – Godoy Córdoba | LittlerLaw 2277 of 2022 adopts a

By Ibrahim Moshood, Associate and Tozaye Balogun, Director of Tax Services, Centurion Law Group The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) on the tax exemption status of NGOs – but only to the extent that the initial circular contains information that is inconsistent...

By Ibrahim Moshood, Associate & Tozaye Balogun, Director of Tax Services in Africa The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “ Revised Information Circular” or “ the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) on the tax exemption status of NGOs – but only to the extent that the initial circular contains information that is inconsistent with the R...

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...