The Colombian tax authority (DIAN) has published Resolution No. 000037 of 17 March 2022, amending Resolution No. 000164 of 27 December 2021 on the new rules regarding the reporting of ultimate beneficial owners (UBOs). Resolution No. 000164 regulated the UBO requirements including the scope of legal persons and structures without legal status that are required to submit UBO information. With respect to foreign legal entities and structures, the requirement originally applied if more than 50%…