Colombia - Setting New Guidelines on Transfer Pricing
- S.M. Pineda Guevara
- International Transfer Pricing Journal, 2017 (Volume 24), No 3
- 18 May 2017
Since its accession to the OECD in May 2013, Colombia has initiated various institutional reforms proving its clear intention to implement the OECD’s standards and best practices from the BEPS Project. Within this context, in December 2016, the Colombian tax authorities enacted Law 1,819, which introduced major changes to the transfer pricing regime. However, a Regulatory Degree, which establishes the content and filing details of these new tax liabilities in Colombia, is still expected to be released.