By means of a draft decree, the Ministry of Finance seeks to regulate the tax incentives for “orange economy” companies, in order to establish the rules for business reorganizations by companies that opt to access the benefit of exempt income. The Financing Law 1943 of 2018, through its Article 79, amended Article 235-2 of the … Read more
Companies belonging to the orange economy will not pay rent for 7 years. They must have as their exclusive corporate purpose the development of technological value-added industries and creative activities. They must create a minimum number of jobs, which in no case may be less than 3. On February 26, 2020, President Iván Duque signed … Read more
Through Legislative Decree 560 of 2020, the Ministry of Commerce adopted transitory measures regarding the insolvency regime. The aforementioned, with the purpose of mitigating the economic effects derived from the spread of COVID-19, seeking business recovery and preservation. The Ministry of Commerce, Industry and Tourism, through Legislative Decree 560 of April 15, 2020, adopted transitory … Read more
With the declaration of the state of economic emergency, the national government issued a series of legislative decrees to grant tax relief to taxpayers. The state of economic emergency ended on April 17, 2020, 30 days after the issuance of Decree 417. On March 17, 2020, through Decree 417, the National Government declared, for a … Read more
Goods related to renewable energies went from excluded to exempt from VAT. The Government will authorize micro-companies and companies obliged to keep accounting records to do so in a simplified manner. Virtual tax inspection and virtual administrative inspection visits are included. With the enactment of Law 2069 of 2020 or Entrepreneurship Law, national entrepreneurs have … Read more
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