OrbitaxColombian Taxpayers Benefiting from Incentives for Zones Affected by Armed Conflict May Also Benefit from Credit for Investment in Fixed Assets
|Approved Changes|Colombia
The Colombian tax authority (DIAN) recently issued Ruling 531 of 10 July 2024, which concerns the application of different incentives for taxpayers operating in zones affected by armed conflict (ZOMAC). In particular, the ruling addresses the application of the reduced tax rate incentives for companies in ZOMAC zones and the corporate income tax credit for VAT paid on qualifying fixed assets un…
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