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Noticias

Applicable Interest Rates to Currency Exchange Transactions (Operaciones de cambio)

Prepared by Emiliana Garay By Ruling SC2795-2024 dated November 29, 2024 (SC2795-2024. Rad. No. 11001-31-03-001-2018-00093-01. M.P.: Octavio Augusto Tejeiro Duque), the Colombian Supreme Court of Justice established, by analogy, the applicable interest rate for currency exchange transactions.   In Colombia, the interest rate for domestic transactions -understood as transactions executed between Colombian residents- is primarily […]

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Update of the List of Non-Cooperative Jurisdictions: Ministry of Finance Decree Project

Prepared by Julián López Avella The Ministry of Finance and Public Credit (MHCP) has published for comments the draft decree that updates the list of non-cooperative jurisdictions and low or zero tax jurisdictions, commonly known as “tax havens.”The list has been reduced from 37 to 25 jurisdictions, with Hong Kong being excluded. Among the listed

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New Provisions for the Submission of Exchange Information

Resolution 000180 of September 2024 issued by DIAN Prepared by Ximena Chaves On September 26, 2024, the National Tax and Customs Directorate (“DIAN”) issued Resolution 000180 of 2024 (the “Resolution 000180”), which establishes new provisions for the submission of foreign exchange exogenous information. This measure repeals Resolution 4083 of 1999 and aims to improve transparency

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