The Colombian Tax Authority (DIAN) recently issued a ruling clarifying the return requirements for non-residents that indirectly alienate shares in companies, rights, or assets in Colombia. This includes that the non-resident alienator is required to submit a return within the month following the date of alienation to report the transfer using Form 150, which is the income statement for change of ownership of foreign investment. However, no return is required where the exemptions from taxatio…