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Colombia Clarifies Conditions for Deduction of Payments for Technical Assistance, Technical Services, and Consulting

|Approved Changes|Colombia
Colombia

The Colombian Tax Authority (DIAN) recently issued a ruling clarifying the deductibility of payments made to non-residents under agreements for technical assistance, technical services, and consulting. This includes that the following conditions must be met:

  • The payment must be directly in relation to the taxpayer's Colombia-source income;
  • 20% tax must have been withheld on the payment and rem…

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