The Colombian Tax Authority (DIAN) has published Ruling 20438 of 2 August 2017, which covers the general requirements for taxpayers that want to apply the incentives for renewable energy projects. The incentives include an income tax deduction for investments made; certain value added tax (VAT) and customs duty exemptions; and accelerated depreciation (20%) for machinery, equipment and certain other assets ({News-2015-11-24/A/3-previous coverage}). The ruling clarifies that for the income tax…