Taxation of international executives
Income tax is payable on income, property sourced, or situated in Colombia if the individual is considered as non-resident for tax purposes, otherwise, would be subject to taxation on the worldwide income and should report property situated abroad.
The official currency of Colombia is the Colombian Peso (COP).
Herein, the host country/jurisdiction refers to the country/jurisdiction to which the employee is assigned. The home country/jurisdiction refers to the country/jurisdiction where the assignee lives when they are not on assignment.
A global survey of income tax, social security tax rates and tax legislation impacting expatriate employees.
All information contained in this publication is summarized by KPMG Advisory, Tax & Legal S.A.S., the Colombian member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on the Colombian tax code, law 1943 of 2018, decree 1625 of 2016 and subsequent amendments, additional tax legislation and tax authority guidance.
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