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Colombia - Overview and introduction

Colombia - Overview and introduction

Taxation of international executives

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All information contained in this document is summarized by KPMG ADVISORY, TAX & LEGAL S.A.S., the COLOMBIA member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, based on COLOMBIAN TAX CODE, LAW 1819 OF 2016, DECREE N. 2250 OF DECEMBER 29 2017, GENERAL UNIFIED CONCEPT N. 0912 OF JULY 19 2018, ADDITIONAL TAX LEGISLATION AND TAX AUTHORITY GUIDANCE.

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/territory refers to the country/territory to which the employee is assigned. The home country/territory refers to the country/territory where the assignee lives when they are not on assignment.

© 2019 KPMG Impuestos y Servicios Legales Ltda, a Colombian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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