In the oil and gas sector, the Pup Joint is a standard technical component; however, in the customs arena, it has become a frequent source of classification errors. Although it is a short section of pipe, its structural nature and specific use in drilling, casing, or production strings require a precise technical analysis. This article […]
Today, with the start of Chinese New Year, the global supply chain does not only stop its machines — it also slows the flow of information. Factories in Shenzhen and Ningbo cease operations, but the real impact for Colombian companies is not the production pause; it is the interruption of transactional data, Advance Shipping Notices […]
Siacomex
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 […]
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 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. […]
Consortia and Temporary Unions: Global Guarantee for Foreign Trade Operations Introduction to Consortia and Temporary Unions Consortia and temporary unions are associations between two or more companies that join forces to execute a specific project or activity. These legal structures allow companies to share resources, knowledge, and risks, facilitating the execution of large infrastructure projects, […]
Technical Analysis of Pre-Arrival Import Declarations: Calculation of Times According to DIAN Calculation of Times for Pre-Arrival Declarations According to a recent statement by the National Directorate of Taxes and Customs (DIAN), the method for calculating the times for submitting a mandatory pre-arrival declaration has been clarified. Specifically, neither the day the declaration is submitted […]
