OrbitaxOrbitax

Colombia Sets Minimum Interest Rate on Shareholder Loans for 2020

|Approved Changes|Colombia
Colombia

Colombia has published Decree 886 of 25 June 2020, which sets the deemed minimum annual interest rate (yield) between companies and their partners or shareholders. The deemed minimum rate is set at 4.48%, which applies for loans granted by a company to its partners or shareholders, or vice versa, for the 2020 tax year.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.