Foodman CPAs & Advisors (JD Supra Colombia)

Colombia criminaliza la evasión fiscal
El 12/29/2016, el Congreso de Colombia aprobó la "Ley 1819 de 2016". La nueva legislación es una reforma tributaria estructural encaminada principalmente a aumentar los ingresos para Colombia.
Colombia criminalizes Tax Evasion
On 12/29/2016, Colombia’s Congress approved “Law 1819 of 2016”. The new legislation is a structural tax reform primarily aimed at increasing revenues for Colombia. Colombia suffered a loss of revenues when crude oil prices plummeted beginning in 2014. The loss of revenue created a negative impact on its economy; creating pressure to replace revenues previously sourced from oil activities.

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