Colombia Ruling Provides that Liquidation or Capital Reduction of Sole Shareholder Companies Subject to Indirect Transfer Rules
The Colombian tax authority (DIAN) recently published Ruling 911418 of 30 December 2020 concerning the application of the indirect transfer rules in relation to non-resident sole shareholder companies that undergo a liquidation or reduction in capital. In general, the rules provide that the indirect transfer of shares in companies, rights, or assets located in Colombia, through the transfer, un…
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