On 21 November 2012, Regulation No. 000138 was issued by the tax administration (Unidad Administrativa Especial Dirección de Impuestos y Aduanas Nacionales – DIAN) adjusting the tax value unit (unidad de valor tributario – UVT) applicable for fiscal year 2013 to COP 26,841.00
The UVT was introduced to unify and facilitate the fulfilment of fiscal obligations. It is adjusted annually in accordance with the accumulated variation of the retail price index, as certified by the nati…