The Colombian tax authority (DIAN) recently published Ruling 1396 of 29 October 2020 concerning the tax return and statutory audit requirements for foreign companies with their place of effective management in Colombia.
The ruling includes that if a company's place of effective management is in Colombia, it is treated as a Colombian company for tax purposes and they are required to submit income tax returns. In this respect, it is noted that paragraph 1 of section 6 of Article 596 of the Ta…