Posts by Accounting Team Colombia- Business News and Updates


Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.

Understanding Colombia’s Tax Incentives for Businesses

Understanding Colombia’s Tax Incentives for Businesses

Learn more about Colombia's tax incentives for businesses and how you can take advantage of them to optimize revenue and deliver better results by year's end. In recent years, Colombia has undergone a process to increase its competitiveness and attractiveness, becoming an investment hub in Latin America. As part of this process, the country is constantly increasing its offer of tax benefits to...

Why Seek Tax Advisory Services in Colombia?

Why Seek Tax Advisory Services in Colombia?

Colombia is considered one of the most attractive countries in South America to invest and to do business in. However, with an ever-changing tax landscape, it is essential for companies and business owners to engage with a trusted tax advisory services provider. We outline the most important reasons why you must seek tax advisory services in Colombia when doing business in the country. Colombian...

Explaining Corporate Dividend Tax in Colombia For Businesses

Explaining Corporate Dividend Tax in Colombia For Businesses

Find out everything you need to know about corporate dividend tax for businesses in Colombia. Understanding corporate dividend tax might be a challenging experience for companies recently operating or looking to operate in Colombia. We outline the key concepts every foreign executive should consider when complying with local regulations and interacting with Colombian tax authorities. What are...

Why Engage with an Accounting and Tax Advisory Provider in Colombia?

Why Engage with an Accounting and Tax Advisory Provider in Colombia?

Understand why it's important to engage with an accounting and tax advisory provider in Colombia. Colombia is one of the leading economies in Latin America. Its dynamic economy attracts the attention of investors from all over the world. However, with an average of 10 mandatory tax payments and nearly 256 hours per year dedicated by each company to tax and accounting activities, it's crucial to...

Overview of Corporate Tax and Planning in Colombia

Overview of Corporate Tax and Planning in Colombia

The corporate tax season in Colombia usually takes place between February and June of each year. During this time, companies of all sizes and sectors doing business in the country are encouraged to review their corporate tax expenditure and look for optimization alternatives through corporate tax planning for the next year. Understand why corporate tax planning will maintain your business in...

Understanding Dividend Withholding Tax in Colombia for US Residents

Understanding Dividend Withholding Tax in Colombia for US Residents

Learn about dividend withholding taxes in Colombia that US residents should expect to pay to Colombian Tax Authorities when receiving dividends from Colombian companies. Colombia has an unmatched business environment. Its economy has seen growth rates of over 4% a year consistently during the last 5 years, according to data by the Ministry of Foreign Affairs. With a growing number of US...

When Do You Need a Transfer Pricing Study in Colombia and What Has Changed During Covid-19?

When Do You Need a Transfer Pricing Study in Colombia and What Has Changed During Covid-19?

Find out when businesses should carry out a transfer pricing study in Colombia, and changes in the regulatory environment that could impact your activities. Transfer pricing is a broad concept coined by the Organization for Economic Cooperation and Development (OECD) which encompasses a set of obligations for multinational enterprise groups who develop commercial transactions between their...

Manage Employee Payroll in Colombia Through an External Provider

Manage Employee Payroll in Colombia Through an External Provider

Current travel restrictions and business climate are incentivizing companies to consider alternative ways to manage employee payroll in Colombia. Company incorporation and establishing a representative branch or office may previously have been the preferred method to enter the Colombian market. Now, as foreign companies work to secure their cash flow and are unable to travel to the country,...

Economic Growth Law: Tax Discounts for Business in Colombia

Economic Growth Law: Tax Discounts for Business in Colombia

On 27 December 2019, Colombian President Ivan Duque signed the country’s new Economic Growth Law, called ‘Ley de Crecimiento Económico’, a stimulus package aimed to support business and low income households. The law introduces new tax discounts for businesses in Colombia, among other reduced taxes and contributions for households. Colombia is one of the most promising countries in Latin America...

What Is the Total Cost of an Employee in Colombia? Legal Services Bogota

What Is the Total Cost of an Employee in Colombia? Legal Services Bogota

Colombia is a country which possesses a wide range of attractive investment sectors for foreigners; some of these include medical marijuana and emerald mining. To be able to take advantage of these opportunities, smart investors set up a local company in Colombia in order to execute their business plans.  In Colombia, labour law is extremely focused on the protection of employment rights....

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