Colombian Tax Reform Insights: Tax Planning Strategies for Uncertain Times

Greenberg Traurig Shareholder, Erika Litvak, hosted a luncheon presentation on "Colombian Tax Reform Insights: Tax Planning Strategies for Uncertain Times" presented by Juan David Velasco, partner at Colombian law firm Posse Herrera Ruiz.


The presentation covered the following topics:

• Indirect disposition of assets.
• Income Taxation of individuals and wealth.
• Tax on wealth and second version of the Voluntary (likely to be mandatory) disclosure program.
• New rule of transparency of offshore trusts, private foundations and insurance solutions for income tax purposes.
• Passive income and Colombian CFC rules.
• Dual residence issues and solutions.
• Criminal actions derived from tax unreported our undervalued asset.