Colombia Regulates Special Deduction Incentive for Investments and Donations for Creative Projects

Colombia has published Decree No. 697 of 26 May 2020, which regulates certain incentives for the "Orange Economy", including incentives for investments or donations for creative economy projects approved by the Ministry of Culture. First introduced by Law 814 of 2003 and modified by Law 1607 of 2012 and Law 1955 of 2019, the incentive provides for a 165% deduction for taxpayers making qualifyi…
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