Branches of Foreign Companies
There are 7 main duties:
Branches of foreign companies must file the Income Tax Returns of 2020, considering the following deadlines:
2.1 For fiscal year 2020 and 2021, the following will file wealth tax return, at a rate of 1% for each year:
2.2 Foreign companies and entities that (a) are not income taxpayer and (b) own wealth located in Colombia such as real estate properties, yachts, boats, artworks, planes or oil or mining rights, different than shares, receivables and/or portfolio investments
Income taxpayers must file the annual return of assets owned located abroad.
Check deadlines for Annual return of assets owned located abroad:
Income taxpayers, that perform business activities with related parties located abroad and within custom zones, are subject to transfer pricing regime and must file the informative statement and the proof or transfer pricing.
Withholding agents of VAT and income tax, and designated self-withholders of Income Tax are required to submit and pay returns every month during 2021.