Colombia's National Tax Authority (DIAN) recently issued a ruling on the amortization of intangible assets from 2017 as per the amended rules introduced by Law No. 1819 of 2016 ({News-2016-12-30/A/2-previous coverage}). The ruling clarifies that for income tax purposes, acquired intangible assets may be amortized as per accounting rules, provided that the annual amortized amount does not exceed 20% of the intangible asset's cost basis, which is the initial cost of acquisition plus any additio…