Colombia's National Tax Authority (DIAN) published a notice on 24 August 2017 to invite taxpayers to take part in the tax normalization program, which will expire on 31 December 2017. The program provides for a normalization tax at a rate of 13% and relief from further sanctions for the disclosure of undeclared assets, such as real estate, investments, machinery, equipment, rights, cash, etc., as well as the disclosure (correction) of non-existent liability claims. From 2018, any undeclared …