Colombia Clarifies Statute of Limitations for Making an Official Assessment

The Colombian Tax Authority (DIAN) recently published a ruling clarifying the statute of limitations for DIAN to make an official assessment when an income tax return is filed that is inaccurate or incomplete. The limitation was increased from two years to three years as part of the tax reform measures in Law No. 1819 of 2016. The ruling clarifies that although DIAN previously held that the ext…
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