EYColombian Tax Authority issues ruling on limitation of expenses incurred abroad in cases of futures contracts and forward agreements
|Tax Alerts, Legislation & Policy, Na ...|Colombia
Executive summary
On 23 April 2024, the Colombian Tax Authority (DIAN) issued opinion No. 758, which addressed whether the deductibility of loss/expense generated by futures agreements that are reached with nonresident entities is subject to the 15% limitation applicable to expenses incurred abroad. In addition, Colombian Tax Authority noted that forward contracts and futures agreements have some …
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