The Colombian tax authority (DIAN) has issued a draft resolution to set the adjusted tax value unit (Unidad de Valor Tributario - UVT) for 2025 at COP 49,799, which is up from the UVT value of COP 47,065 for 2024. The UVT is used in various Colombian tax regulations, including for tax penalties and individual income tax brackets, as well as for transfer pricing documentation requirement thresholds, including for Local file, Master file, and Country-by-Country reporting. It is adjusted yearly based on the accumulated variation in the retail price index. The draft resolution must now be finalized and formally published...