Colombian tax officials have been stealing $4 billion a year by claiming false VAT returns, reported newspaper El Tiempo Wednesday. According to the newspaper, the country’s prosecutor general’s office has…
Multinational mining companies like Drummond and Cerromatoso owe the Colombian state millions of dollars in overdue taxes and royalties, said the country’s Comptroller General’s Office Tuesday. According to fiscal watchdog,…
Colombia’s finance minister and a leading lawmaker will meet this week to consider reducing tax obligations for some of the millions of people and businesses affected by devastating torrential rains,…
Colombia’s national tax office, DIAN, is to get new powers to audit and control state royalties from mineral and raw material exports, Portafolio reported Tuesday. The new powers aim to…
The Colombian government’s fiscal gap will likely fall below 3% of GDP in 2011 due to higher than expected tax revenue, stated Finance Minister Juan Carlos Echeverry in a Friday…
Nearly one-third of Colombian government subsidies for the poor end up in the pockets of the upper class, the country’s development agency said Thursday. In a report, development agency Fedesarollo…
Colombia threatened to cut off foreign liquor imports starting March 1 in hopes to reclaim lost tax on illegal imports, at the National Federation of Departments on Wednesday, reported newspaper…
The Colombian government doesn’t expect an increase on its debt issuance or a hike in its fiscal deficit as it seeks to bolster spending to tackle devastating floods that have…
Colombia’s tax authority DIAN said it collected 65.2 trillion Colombian pesos ($33.96 billion) in taxes last year, adding that more revenue from taxes on imports helped it exceed its target.…