International Tax

Business Operations in Colombia (Portfolio 7090)

This Portfolio contains information enabling foreign investors to determine the best method of conducting their operations in Colombia from both a tax and a general legal point of view.

Description

Tax Management Portfolio, Business Operations in Colombia, No. 7090, contains information enabling foreign investors to determine the best method of conducting their operations in Colombia from both a tax and a general legal point of view. It analyzes in detail the statutory and procedural framework of Colombian income taxation as it applies to individuals and corporations. The analysis also covers many of the other legal details vital to the organization of a Colombian company. In addition to a detailed explanation of the Colombian system of income taxation, the Portfolio discusses indirect taxation (VAT), basic tax and financial accounting, and corporate, trade, customs, labor, and foreign investment and exchange-related law issues.

The Portfolio analyzes the practical issues that confront foreign businesses operating in Colombia. A guide to the Detailed Analysis is provided by a Table of Contents.

This Portfolio may be cited as Acero and Ospina, 7090 T.M., Business Operations in Colombia.

I. Colombia: The Country, Its People, and Economy
II. Operating a Business in Colombia
III. Forms of Doing Business in Colombia
IV. Principal Taxes
V. Income Taxation and Financial Accounting of Domestic Entities
VI. Taxation of Foreign Corporations
VII. Taxation of a Branch
VIII. Taxation of Permanent Establishments
IX. Controlled Foreign Corporations (CFCs)
X. Taxation of Partnerships
XI. Taxation of Resident Individuals
XII. Taxation of Nonresident Individuals
XIII. Estate, Inheritance, Transfer and Death Tax
XIV. Taxation of Foreign Portfolio Investments
XV. Transfer Pricing
XVI. Avoidance of Double Taxation

Martín Acero Salazar
Partner
Philippi, Prietocarrizosa & Uría