The Colombian tax authority (DIAN) has announced the adjusted tax value unit (UVT) value for 2018. The UVT value is set at COP 33,156 (~USD 11.12 Nov 2017), an increase from the 2017 value of COP 31,859. The UVT is used in Colombian tax regulations, including for incentives eligibility, tax penalties, and individual income tax brackets, as well as for transfer pricing documentation requirement thresholds, including for Local file, Master file, and Country-by-Country reporting. It is adjusted…