The Colombian Congress issued Law 1370 of December 30th, 2009 (hereinafter the "Law"), which includes important amendments related to fiscal matters such as: i) the extension of the patrimony tax from year 2011 through 2014 (the "Patrimony Tax") (ii) the fiscal treatment of debts between Colombian and foreign related companies and (iii) the modification of important tax benefits.
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Colombia. Procedure for Granting Compulsory Licenses. - Colombia. Council of State. Application of the Principle of Independence? - Equator. Restrictions to the Patentability of Medicaments - International. PATENTSCOPE ® Database of national and regional patents a click away
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Labor and social security matters for the first trimester of 2010
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The Simplified Corporation by shares (hereinafter "SAS") is a legal entity which is less regulated, simpler to manage and less expensive than other corporations. By means of the SAS, an effective "tailor made" vehicle is easier to design in order to carry out your business in Colombia.
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Pursuant to article 571 and ongoing of the Colombian Tax Statute ("CTS"), formal tax liabilities in Colombia basically refer to: the filing of all sorts of tax returns (i.e. income, VAT, withholdings), signing such returns, issuance of invoices, and submitting information to authorities by certain individuals/entities by electronic means or in special formats.
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RODRÍGUEZ & CAVELIER proudly presents its tax planning services for executives. Approaching the year end executives should review their tax burdens and take appropriate measures to optimize tax benefits granted by fiscal regulations
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Since State Council judgment issued on December 11, 2001, establishing the State's ownership of the domain name .co, the Ministry of Communications has developed a domain name policy that covers several players, such as, in addition to the Ministry, an entity that will manage the domain name, the existence of registrars accredited by such managing entity to sell the domain name to clients and a policy advisory committee of said Country Code Top Level Domain (ccTLD).
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After a bidding process which Satel Counsel International, Sti Ltda and Incorbank S.A. won to advise the Ministry of Technologies, Information and Communications and preparing the bidding terms for the “Design, development, manufacture, delivery, launching and operation of the Colombian social communications Satellite System (CSCSS) during its risk period”, the drafts of these bidding terms have been published in the official Contracting website since the 26th of August in order to be commented (they are available for any comments or suggestions until 3:00 p.m. of the 9th of September).
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Last 7 July the Ministry of Social Protection issued Decree 2566 of 2009 which derogates Decree 778 of 1987 and revives the list of professional illnesses of the Decree 1832 of 1994 which had lost validity last year.
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Law No. 1333 of 2009, which amends Decree 1594 of 1984 and introduces the environmental sanctionatory regime, entered into force on July 21 of the present year.
Within the context of free trade and the seeking of incentives for the internationalization of the economic relations, Colombia has been trying to implement an accounting system which tends to the International Accounting Standards (IAS) for several years.
Which we thought might be of interest to you,The topics covered are:
MINING CODE Last June 18, the draft law "WHEREBY LAW 685 OF 2001 - MINING CODE – IS AMENDED," was approved. The draft was approved by the Colombian Congress, being now subject to presidential approval and constitutional review.
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JANUARY 2010 | LEGAL REPORT #15
PATENT NEWSLETTER

JANUARY 2010 | LEGAL REPORT #14
LEGAL REPORT - COLOMBIA- LABOR AND SOCIAL SECURITY MATTERS

JANUARY 2010 | LEGAL REPORT #13

JANUARY 2010 | LEGAL REPORT #12

JANUARY 2010 | LEGAL REPORT #11
REMARKABLE ADVANTAGES OF TRANSFORMING YOUR ENTITY INTO A SIMPLIFIED CORPORATION (SAS IN SPANISH)
OCTOBER 2009 | LEGAL REPORT #10
IMPORTANCE OF UPDATING THE COLOMBIAN UNIQUE TAX REGISTER

OCTOBER 2009 | LEGAL REPORT #9
TAX PLANNING FOR EXECUTIVES

OCTOBER 2009 | LEGAL REPORT #8
COLOMBIA HAS A NEW ADMINISTRATOR OF ITS COUNTRY CODE TOP LEVEL DOMAIN (CCTLD)

JULY 2009 | LEGAL REPORT #7
THE COLOMBIAN SATELLITE BIDDING PROCESS HAS BEGUN

JULY 2009 | LEGAL REPORT #6
NEW TABLE OF PROFESSIONAL ILLNESSES

JULY 2009 | LEGAL REPORT #5
NEW ENVIRONMENTAL SANCTIONATORY REGIME
Law No. 1333 introduces significant changes, mainly on the following subjects:
(i) definition of environmental infringements,(ii) environmental liability regime,(iii) increase in environmental sanctions, and iv) extension of the lapsing term for exercising the environmental sanctionatory action.
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JULY 2009 | LEGAL REPORT #4
Despite the practical complexity that the implementation of a new accounting system implies, Law 1314 was issued on July 13, 2009. Such law authorizes certain Government entities to prepare the new principles and regulations relating to accounting and financial information, setting forth the general framework that will govern the rules which will be prepared by said entities.
Upon issuance of the new law, the Government’s actions in this regard must be aimed at making the regulations relating to accounting and financial information comply with international standards accepted worldwide.
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JULY 2009 | LEGAL REPORT #3
The search of ETB (Empresa de Telecomunicaciones de Bogotá) for a partner in order to be more competitive in the telecom sector.
Data Protection
Cybercrime
ICT law
Domain name .co
Colombian Satellite
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JUNE 2009 | LEGAL REPORT #2
