intltax57 has left 3 comments

intltax57 comments on RussianFred

Responded yesterday in the thread you started about Colombian taxes

intltax57 comments on Taxes in Colombia

Sorry away for so long, and just sa your response. My info is not necessarily up-to-date; it is from the Latin American Tax Handbook 2006, which says it is generally good as of June 30, 2006. The general corporate tax rate is 35%, with a 10% surcharge applied during 2006. I don't know whether this surcharge has subsequently been renewed. There are also free-trade zone areas (and I don't know where these are) where the rate is reduced to 25%. NOLs may only be carried forward -- before 2003 losses could be carried forward five years but since then losses are carried forward 8 years. However, there is a limit of 25% of total loss carryforwards available for use in a given tax year. Although the idea of an AMT does exist in the corporate world outside the US, it apparently does not in Colombia. Hope this helps!!

intltax57 comments on Taxes in Colombia

Are you asking about as an individual or corporation?