The Colombian tax authorities (DIAN) have issued the adjusted tax value unit (UVT) value for tax year 2015. The UVT value is set at COP 28,279 (USD 12.25). An increase from the 2014 value of COP 27,485.

The UVT is used in Colombian tax regulations, including incentives eligibility, tax penalties, individual income tax brackets and other fixed amounts. It is adjusted yearly based on the accumu…