Accounting Team Colombia

Cayo Cangrejo in San Andres, part of Colombia, where a tax reform is being introduced

Colombia Tax Reform: 4 Things Investors Should Know

The Colombian government has recently submitted a new tax reform to the Congress of Colombia that is intended to help it raise funds in support of economic reactivation following the disruptions of the global pandemic. The new Colombia tax reform seeks to raise approximately $15.2 billion (all figures in USD), both by increasing taxation and …

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The flag of Colombia flying in capital city Bogota. You may find payroll outsourcing in Colombia is the best option for your business

Payroll Outsourcing in Colombia Could Be a Good Option

For anyone interested in starting a business in Colombia or already established in Latin America’s fourth-largest economy, payroll outsourcing can be an attractive option. Because when you choose payroll outsourcing in Colombia, you hand over management of the salaries and benefits of all or a portion of your workforce, thereby significantly reducing your in-house administrative …

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Find a Dependable Corporate Accounting Firm in Colombia

Working with an experienced corporate accounting firm in Colombia will help you maximize your company’s chances of success by assuring its good financial standing, meeting all local accounting requirements, and adhering to all relevant norms and regulations. If you are doing business in the South American nation, or considering market entry, finding a trusted corporate …

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Colombian banknotes, representing local taxes in Colombia

Local Taxes in Colombia: a VAT Overview

If you are interested in understanding tax compliance in Colombia because you operate in the market or are planning to launch there, you will need to seek out reliable taxation advisory services to minimize your tax burden while ensuring full compliance with local regulations. Understanding value-added tax (VAT) and other local taxes in Colombia will …

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7 Tips to Understand Business Etiquette in Colombia

Understanding business etiquette in Colombia is crucial to your commercial activities running smoothly in one of the most dynamic and promising economies in Latin America. Local laws, corporate procedures, language conventions, and cultural differences can pose a challenge for foreign executives looking to enter the Colombian market, so it pays to get clued up on …

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