Archivo de la etiqueta: Colombian taxes

01Nov/23
Taxes for foreigners in Colombia

Taxes for foreigners in Colombia

Moving to Colombia is an exciting opportunity, but it also comes with legal and tax responsibilities that you shouldn’t overlook. Understanding whether you qualify as a tax resident, what taxes apply to foreigners—both residents and non-residents—and the implications of double taxation treaties can help you avoid unexpected fines. Additionally, knowing the difference between paying and declaring income, the conditions for filing an income tax return, and the consequences of non-compliance will ensure you stay on the right side of Colombian tax laws, including recent updates like the new wealth tax.