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Colombia Clarifies Deductibility of Payments under Technology Import Agreement

|Approved Changes|Colombia
Colombia

Colombia's National Tax Authority (DIAN) recently published a ruling on the deductibility of payments made to a non-resident under a technology import agreement in relation to, technology licensing, trademark licensing, patent licensing, technical services, etc. According to the ruling, such payments are deductible provided that tax has been withheld on the payment appropriately and the agreement has been properly registered with the competent authority. Such registration should be made withi…

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