Colombia's Supreme Administrative Court issued Unifying Decision 2021CE-SUJ-4-002 in December 2021, which concerns the inclusion of dividend income in the tax base for the industry and commerce (trade) tax (impuesto de industria y comercio - ICA). The ICA is levied on turnover derived from industrial, commercial, or service activities in a particular municipality, with rates generally ranging from 0.2% to 1.0%. In the case at hand, the conflicting positions of the taxpayer and the tax authori…