The Colombian tax authority (DIAN) has published Resolution No. 000056 of 22 November 2018, which sets the adjusted tax value unit (UVT) for 2019. As compared to 2018, the UVT value is increased from COP 33,156 to COP 34,270. The UVT is used in various Colombian tax regulations, including for 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 adj…