During the last year, Colombia has developed several tax policies, official interpretations and rulings, which have had particular influence in the international tax field. Carolina Rozo and Andrea Prieto, of prietocarrizosa explore these modifications, which seek to adapt Colombian legislation and its interpretation to international tax models.
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The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR
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