Colombia's National Council of Tax Benefits in Science, Technology, and Innovation recently published Administrative Regulation No. 19 of 2018, which prescribes the maximum eligible amounts for tax benefits for investments made in qualifying science, technology, and innovation projects for tax year 2019. This includes that qualifying investments are deductible in the tax period in which they are made as provided by Article 158-1 of the Tax Code.
For the purpose of the benefit, the regulatio…