Tributario
The stamp tax base on mortgage loan modifications is limited to the value of the modified aspect
Certain novations of mortgage loans are exempt from stamp tax, particularly those cases where only the interest rate and/or the repayment period are modified. However, where other financial clauses are amended, stamp tax does apply.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 Cooperative Sector Entities (ESCOOP) must update their registration in order to remain under the Special Tax Regime. Failure to complete this step can result in this special regime becoming non-applicable and loss of the benefits that it offers.CJEU rules on withholding tax exemptions under the Parent Subsidiary and the Royalty and Interest directives
The Court of Justice of the European Union (CJEU) has rendered two judgments that bring significant elements for interpreting the Parent Subsidiary Directive (PSD) and the Royalties and Interest Directive (RID). Both judgments were rendered on February 26, in joined cases C-116/16 and C-117/16 and joined cases C-115/16, C-118/16, C-119/16 and C- 299/16.