Colombia's National Tax Authority (DIAN) recently published a ruling on whether the new income surtax introduced for 2017 and 2018 applies for capital gains. The surtax, which was introduced by Law No. 1819 of 2016 at the rates of 6% and 4% for 2017 and 2018 respectively, serves as a transitional tax to replace the CREE surtax that was eliminated from 2017 along with the CREE tax ({News-2016-12-30/A/2- previous coverage}). The ruling notes that since the tax base for CREE tax and surtax did n…