Open/Close Menu Colombian law firm

On November 2016, the SIC issued Decree 1759 of 2016, and extended until June 30, 2017 the term in which private legal entities and mixed economy companies registered within the chamber of commerce should perform the registry of their data bases within the National Data…

It is about to expire the deadline set by Colombian Tax and Customs Authority (DIAN) to replace the “Digital Mechanism”, that has been in use to electronically sign documents and procedures before such government agency, for the newly regulated “Electronic Signature Instrument” (IFE). Deadlines were…

Through this legal update we want to call your attention regarding on the closeness of the due dates to file the “Assets possessed abroad” return, for income and complementary tax taxpayers who own assets abroad, such as shares, accounts receivable and bank accounts, among others….

According to Colombian tax regulation, registration of technology import contracts before the Colombian Tax Administration (“DIAN” per its acronym in Spanish), is a requirement to deduct from income tax, the payments made abroad for technology imports, by tax payers. Nevertheless, provisions governing this matter prior…

Two months have passed since the Structural Tax Reform was enacted. Within this period, here at Lloreda Camacho, we have advised our clients through the implementation process and have identified the Top 5 challenges that companies, their management team and their financial and accountancy staff…

By means of Law 152 of 2012, the Occupational Health Programs would be understood as an Occupational Health and Safety Management System (hereinafter “SG-SST”), system that seeks to ensure worker’s and the general population’s safety, preventing occupational accidents and occupational illness, by identifying dangers, assessing…

Recently, the Ministry of Commerce, Industry and Tourism of Colombia issued a regulatory decree developing the multilevel marketing law (1700 of 2013) and its purpose, which includes (i) Transparency in multilevel marketing activities; (ii) Good Faith; (iii) defense of the independent sellers; (iv) Protection of…

Through ruling SC17161-2015 of December 14, 2015, the Supreme Court of Justice reiterated its position regarding the way in which the statute of limitations to initiate applicable legal actions by injured and/or insured parties in a civil liability insurance agreement must be computed. In fact,…

The National Government established, by the means of the Decree 2552 of December 30th, 2015, the Minimum Legal Wage for 2016 in COP $689.455 per month (Approx. USD $218.91) [1]. This implies a 7% increase over the Minimum Wage for 2015 vis à vis an…

Throughout Resolution 3745 of 2015, new formats began to be used for the medical evaluations given by the experts regarding occupational and work skills loss, according to Decree 1507 of 2014, which refers to the “Single manual for the occupational and work loss”.  The mentioned…

This document is aimed at reminding you that commercial companies established during 2015 that want to obtain for the first time the Progressive Benefit in the payment of income tax granted under Law 1429 of 2010 (the “Progressive Benefit”) must submit to the Colombian Tax…

The National Development Plan brought some amendments to mining regulation matters, as follows: Structures for traditional miners to undertake mining activities The National Development Plan confirmed the structures established by the law in order for the traditional miners to undertake activities in the area of…

On October 16 of 2015, the Ministry of Finance and Public Credit issued the Decree 2031, in order to modify the regime of promotion and advertising of the products and services provided by foreign reinsurance companies, particularly regarding the opening of representation offices in Colombia,…

On March 11, 2015, the Superintendence of Industry and Commerce (hereinafter SIC) issued its new merger review procedural rules. The new rules are contained in Resolution 10930 of 2015, and replaced Resolution 12193 of 2013. The rules were adopted after a period of consultation in…

Last June 30th, after completing prior reviews for constitutionality, the President sanctioned Law 1755 of 2015, by which the Fundamental Right to Petition is regulated, and Chapters I, II and III in Title II of the Code of Administrative Procedure and Administrative Litigation (Law 1437…

LLOREDA & CAMACHO & CO. 2015 - ALL RIGHTS RESERVED
POWERED BY: AGENCIA CENTRAL