In September, the National Customs and Tax Authority - DIAN - presented the third draft of the new Customs Statute, which will regulate most of Colombia’s customs law. Although scholars and business associations have presented their comments to the project, the draft seems to be definitive for the most part ...
Article 1 of Decree 466 states that the National Guarantee Fund S.A. (hereinafter "NGF") must comply with and accredit a solvency ratio, which is determined based on the technical assets that must have a direct relationship with the risk assumed in its capacity as guarantor ...
Despite the fact that the fall in oil prices and the health crisis caused by COVID-19 have severely hit the hydrocarbon industry worldwide, the National Hydrocarbon Agency ("ANH") published on April 28, 2020 the Addendum No 11 through which it modified the schedule of the Permanent Area Allocation Process (“PPAA”), thus ratifying the interest of the National Government in this industry ...
The Ministry of Work issues a statement announcing measures for employees and employers to promote job retention ...
In accordance with the schedule of the Permanent Bidding Process ("PPAA"), the National Hydrocarbons Agency ("ANH") published on April 17 the final list of qualified companies to participate in the fourth cycle of this process, with which it is expected to reactivate the economy in Colombia ...
In order to implement transitional measures to mitigate the adverse effects of the fall in international hydrocarbons prices and the public health emergency caused by COVID-19, the National Hydrocarbon Agency (“ANH”), issued Agreement 2 of 2020 (the “Agreement”) ...
ANH published an Addendum to the PPAA and the draft agreement on measures to strengthen the sector. The National Hydrocarbons Agency ("ANH") joins the emergency measures adopted by the National Government to face the health contingency due to the propagation of COVID-19 and the international fall in oil prices ...
The National Mining Agency ("ANM") and the National Hydrocarbons Agency ("ANH") published resolutions by means of which they extended the suspensions of some of their activities during the preventive isolation decreed by the National Government. First, the ANM published the Resolution No. 116 of 2020, by means of which it extended until April 12, the suspensions set forth in its Resolution 096 of 2020 ...
The National Mining Agency ("ANM") published, in recent days and after receiving comments from the public, the Resolution 100 of March 17, 2020 (the "Resolution"), which sets forth the conditions and periodicity for the submission of information on mineral resources and reserves in respect to a concession area ...
The ANM, launches ANNA Mining, the digital platform will replace the Colombian Mining Cadastre and will start operating in phases. On December 13, 2019, the National Mining Agency (ANM) launched the new Comprehensive Mining Management System: ANNA Mining (ANNA), which will replace the Colombian Mining Cadastre ...
The Superintendence of Finance of Colombia (SFC) introduced, by means of External Circular 035 of December 27th, 2019, the automatic authorization of collaboration agreements for the promotion of foreign financial services or products entered into by a local stock brokerage firm or a local financial corporation and a foreign financial entity provided they comply with the following requirements ...
The Ministry of Health and Social Protection issued Resolution 682 adopting the biosecurity protocol for the control and management of COVID-19 in the building construction sector. This protocol is complementary to the general biosecurity protocol adopted through Resolution 666 of 2020 and to other measures implemented by each company. This biosecurity protocol includes the following measures: 1. General biosecurity measures 2. Additional measures 2.1 ...
By means of Resolution 666 of 2020 the Ministry of Health and Social Protection adopts the general biosecurity protocol to mitigate, control and perform the adequate management of Covid-19 pandemic. 1. Purpose Adopt the general biosecurity protocol applicable to all economic and social activities and sectors of the public administration. The biosecurity protocols are orientated to minimize factors that may generate transmission of COVID-19 and are of mandatory compliance. 2 ...
Due to the public health crisis caused by the Coronavirus, the Mayor's Office of Bogotá issued Decree 093 on March 25, 2020, to modify the dates to pay 2020 Property Tax and Vehicles Tax. The Property Tax for residential and non-residential properties will be due on June 5, 2020 (prior date was April 3rd, 2020) with a 10% discount or shall be paid in full by June 26, 2020 (prior date, June 19th, 2020) ...
Beginning of Stage 2 of the National Vaccination Plan The Colombian Ministry of Health and Social Protection (Minsiterio de Salud y Protección Social) declared the initiation of stage 2 of the National Vaccination Plan against COVID-19 for the population between 60 and 79 years of age. This does not mean that vaccination for those over 80 years of age will be stopped; these people will continue to be vaccinated without any interruption ...
The Ministry of Culture issued Decree 475, 2020, to amend the cultural sector’s conditions due to coronavirus. Due to the health crisis, the Ministry of Culture issued Decree 475, 2020, to amend the payment conditions of the pro-culture stamp duty, the contribution to public shows and the film development fee are modified. According to Decree 475, 2020, Governors and Mayors must transfer 20% of the culture stamp duty for the social security of creators and cultural managers ...
By means of Circular No ...
This news is a compilation of all the credit lines that have been approved by Bancoldex in the last few weeks. Through Circular No ...
The Government of Colombia, using its emergency powers, issued Decree 482 on March 26, 2020, to take steps to protect the transportation industry and to ensure its viability during the COVID-19 emergency ...
What changed? Resolution 0572/2015 completely replaced Resolution 6588/2013, which regulates restricted and non-restricted nationals. What does this change mean? Chinese, Indian, Thai, and Vietnamese citizens may now enter Colombia without previously requesting a visa as long as they hold a Shenghen C o D visa type or USA visa with the exception of transit C-1 visa ...
On February 28, 2014, the Colombian Government issued Decree 456 of 2014, whereby it established special tariffs applicable to the imports of clothing and shoes. The measure is a compound ad valorem (10%) and specific tariff (US$5) for imports of products classified under chapters 61, 62 and 62 of the Colombian Tariff Code, with prices under US$10 per kilogram, and to imports of products classified under chapter 64, with prices under US$7 per pair ...
After signing the Bilateral Investment Treaties (“BITs”) with Turkey on July 28 and with France on July 10, and ratifying the BIT with Japan on June 25, Colombia significantly moves forward on the protection of foreign investments. These agreements pursue the establishment of a fair, safe and transparent juridical framework in order to draw foreign investors to Colombia and bolster Colombian investments abroad ...
The National Government issued Decree 360 of 2021 that modifies the customs regime contained in Decree 265 of 2019, in order to provide legal security to foreign trade users by specifying the substantial and formal obligations that must be met in the customs procedures and regimes. In addition, it temporarily modified the obligation regarding the minimum amount of liquid assets required of customs agencies ...
Last year the Colombian Congress issued Law 1841, which incorporated the Free Trade Agreement (“FTA”) between Colombia and Israel into the Colombian legal system. Currently, the law approving the Treaty is under review by the Colombian Constitutional Court for its definitive entry into force ...
