The Colombian tax authority (DIAN) has issued Resolution No. 000084 of 28 November 2019, which sets the adjusted tax value unit (UVT) for 2020. As compared to 2019, the UVT value is increased from COP 34,270 to COP 35,607. 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 adjuste…