On 17 November 2011, Regulation No. 011963 was issued by the tax administration (Unidad Administrativa Especial Dirección de Impuestos y Aduanas Nacionales – DIAN) adjusting the tax value unit (unidad de valor tributario – UVT) applicable for fiscal year 2012 to COP 26,049.00

The UVT, introduced to unify and facilitate the fulfillment of fiscal obligations, is adjusted annu…

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