Bogota
COP25: A Latin American summit... held in Madrid
Madrid is currently hosting COP25, the Conference of the Parties to the UN Convention on Climate Change (UNFCCC). Yet this climate conference is closely associated with Latin America: Brazil was the original host for the summit, but those plans were…
Transfer pricing: here’s what the rules in Latin America look like
Here is a summary of the transfer pricing rules in Brazil, Chile, Colombia, Mexico and Peru.
Colombia issues three decrees that modify the requirements of equity of some financial institutions
The Colombian government issued Decrees 1420 of 2019, 1421 of 2019 and 1349 of 2019, modifying the equity requirements for asset managers of third parties, credit establishments and insurance entities, in order to adapt them to international…
Colombia regulates the temporary transfer of securities and investments in participations issued by ETFs
With the issuance of Decree 1351 of 2019, some provisions of Decree 2555 of 2010, were modified related to investments in participations issued by stock exchange funds, temporary transfer operations of securities in the counter market, and the…
Colombia: The six labor amendments in the National Development Plan (NDP)
By means of Law 1955 of 2019, the National Government passed the National Development Plan (NDP) for the four-year term (2018-2022). The Plan includes a series of changes in Colombian labor policy, which are presented below.
Colombia: The EPS cannot order employers to provide the medical records of their employees to process incapacity to work
The Ministry of Health and Social Protection, in a resolution dated February 20, 2019, has established that due to the private and reserved nature of medical records, health care entities (EPS) cannot order employers to provide the medical records…
Colombia aims to promote the use of small-scale distribution channels for financial products
The Colombian government released a technical document analyzing ways to extend the use of financial services, promoting access to technological innovation.
Shareholders only have the right to inspect certain documents and content
In Colombian public limited companies and simplified joint stock companies, inspection rights are subject to a series of rules regarding the documents and content that can be inspected. We recommend preparing regulations setting out how shareholders…
DIAN issues a reminder of the mandatory deadlines for renewing the registration of not-for-profit entities for the purposes of the Special Tax Regime
The Directorate of National Taxes and Customs (DIAN) recently issued a reminder to taxpayers of the deadlines - established in Decree no. 2442 of December 27, 2018 issued by the Ministry of Finance - by which not-for-profit entities (ESAL) and…
Regulations are issued on the use of cloud computing for financial services in Colombia
In response to the digital transformation of services for the storage, processing and use of data, and to promote the use of cloud computing for the provision of financial services, the Colombian Finance Authority (Superintendencia Financiera de…
Energy auction process in Colombia ends, no contracts have been awarded and a new process is expected
The conditions for competition set for the auction were not met. The next auction is expected to take place in the second quarter of this year. Before June 30, 2019 in other words.
New draft external circular regulates payments with QR codes in Colombia
The Colombian Finance Authority has published Draft External Circular No. 03 of 2019 with the aim of promoting alternative ways to make electronic payments, consolidating the standardization and interoperability of payments systems, continuing the…