In accordance with article 607 of the Tax Statute, modified by article 63 of Law 2277 of 2022, taxpayers of income tax and income tax substitute regimes (simple regime) who are residents in Colombia for tax purposes and who as of January 1 of each year have assets abroad whose net worth value exceeds 2,000 UVT must file the declaration of assets abroad.

By means of Decree 2229 of December 22, 2023 issued by the Ministry of Finance and Public Credit, the 2024 Tax Calendar was issued with the dates stipulated for compliance with tax obligations before the National Tax and Customs Directorate (DIAN).

By Ruling C-540 of 2023, the Constitutional Court of Colombia declared unconstitutional articles 42 and 44 of Law 2277 of 2022 (Tax Reform approved in 2022), which included differential limitations with respect to other categories such as education services, human health care and social assistance, regarding the maximum income ceilings to access the Simple Taxation Regime and the tax rates.

Taxpayers who engaged in transactions with related parties located abroad and free trade zones during the year 2022 are obligated to comply with the transfer pricing regime.

Resolution No. 000164 of December 27, 2021, issued by the DIAN, establishes the obligation to provide information in the Register of Ultimate Beneficial Owners – RUB.