Colombia Publishes Decree on Attribution of Income to Permanent Establishments

Colombia has published Decree No. 1973 of 29 October 2019, which includes updated provisions on the attribution of income to a permanent establishment or branch in Colombia of a non-resident individual, company, or other foreign entity. The main provisions are as follows:

• Income and occasional earnings attributable to a permanent establishment or branch in Colombia includes those that the permanent establishment or branch could have obtained, in accordance with the principle of full competi…