On 19 November 2010, Regulation No. 12,066 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 2011 to COP 25,132.00
The UVT, introduced to unify and facilitate the fulfilment of fiscal obligations, is adjusted annually in accordance with the accumulated variation of the retail price index, as certifie…