The Colombian tax authority (DIAN) has issued the adjusted tax value unit (UVT) value for 2017. The UVT value is set at COP 31,859 (~USD 10.7 Dec 2016), an increase from the 2016 value of COP 29,753.

The UVT is used in Colombian tax regulations, including incentives eligibility, tax penalties, individual income tax brackets, and other fixed amounts. It is adjusted yearly based on the accumulat…