The Colombian tax authorities (DIAN) have issued the adjusted tax value unit (UVT) value for 2016. The UVT value is set at COP 29,753 (~USD 9.65 Nov 2015), an increase from the 2015 value of COP 28,279.
The UVT is used in Colombian tax regulations, including incentives eligibility, tax penalties, individual income tax brackets and other fixed amounts. It is adjusted yearly based on the accumulated variation in the retail price index.