The Directorate of National Taxes and Customs (DIAN) has proposed a crucial modification to Resolution 46 of 2019 that will directly impact the importation of unmanned aircraft (drones) and their parts. The draft resolution seeks to establish the advance declaration as a mandatory requirement for these goods, classified under tariff headings $88.06$ and $88.07$. […]
The Director General of the Mining and Energy Planning Unit – UPME, issued Resolution 135 on February 7, 2025, which establishes the requirements, procedures, and fees to be charged through which the UPME evaluates applications and issues certificates that allow access to incentives such as income tax deductions, VAT exclusion, exemption from customs duties, and […]
Through Resolution No. 20223040044945 of 2022, the Ministry of Transport has established a new technical regulation for safety glass used in motor vehicles and trailers. This regulation will come into effect on February 23, 2025, and it is crucial for importing, manufacturing, and commercializing companies to be prepared for its implementation. Below, we explain the […]
Customs transit is a modality that allows the land transportation of national or foreign goods, under customs control, from one customs office to another within the national territory. This mechanism is essential for facilitating foreign trade and ensuring that goods reach their final destination in compliance with customs regulations. However, its proper application and adherence […]
Forfaiting is a valuable tool for exporters seeking to eliminate risks and guarantee cash flow in international transactions, especially in emerging markets or those with high credit risks. What is a Forfaiting Contract? Forfaiting is an international financing mechanism primarily used in foreign trade. It involves the purchase, by a bank or financial institution (the […]
The Colombian Tax and Customs Authority (DIAN) has taken a crucial step towards modernizing customs control in Colombia with the issuance of Resolution 192 of 2024. This regulation, which modifies Resolution 44 of 2019, significantly expands the use of electronic security devices (ESDs) or cargo tracking devices in customs transit operations. Which operations are affected? […]
The Value Added Tax (VAT) exemption for the Military Forces, as established in Article 477 of the Tax Statute and the customs concept number 100208192-107 of 2021, is not limited solely to direct purchases made by the Military Forces. This exemption can be extended to individuals who acquire goods and services on behalf of these […]
The Andean Price Band System (SAFP) is a mechanism implemented by Colombia through the Andean Community of Nations (CAN) since 1995. Its primary objective is to stabilize the import cost of certain agricultural products that exhibit significant instability in their international prices. Products Included in the SAFP The SAFP covers a variety of agricultural products, […]
Technical Analysis of the Special Economic and Social Zones (ZESE) Regime What are the Special Economic and Social Zones (ZESE)? The Special Economic and Social Zones (ZESE) is a special tax regime designed to offer preferential income tax rates and benefits on withholding tax. The primary objective of this regime is to attract both national […]
Modification of Operations from Free Trade Zones to the Rest of the World (External Markets) – Article 523 of Resolution 046 of 2019 Recently, Resolution 000097 was issued, modifying Article 523 of Resolution 046 of 2019, which relates to the requirements for operations from Free Trade Zones (FTZ) destined for the rest of the world. […]
