The Colombian tax authority (DIAN) has published Resolution No. 000111 of 11 December 2020, which sets the adjusted tax value unit (Unidad de Valor Tributario - UVT) for 2021. As compared to 2020, the UVT value for 2021 is increased from COP 35,607 to COP 36,308.
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…