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What is Overview of Colombia about?

Colombia has undergone significant tax reforms since January 2015, impacting both domestic and foreign companies, with incentives aimed at attracting foreign direct investment. Key changes include increased wealth tax rates, a CREE surtax for companies, and a tax amnesty for those with omitted assets. Despite complexities in the tax system, Colombia remains one of the easier countries for business in Latin America, though further reforms are anticipated as the government seeks OECD membership.

Author

Mauricio Tejada

Language

EN