Tag: royalties

Tax reform: Hearing begins in court on royalties

Tax reform: Hearing begins in court on royalties

The Constitutional Court is holding a public hearing with the aim of hearing the main actors in the study of two lawsuits against an article of the national government’s tax reform that made some changes in the field of royalties. The adjustment that was included in the tax reform indicates that companies cannot deduct royalties […]

Tax reform: The government defended the non-deductibility of royalties

Tax reform: The government defended the non-deductibility of royalties

The High Court held a public hearing with the aim of listening to key actors in the study of two lawsuits against an article by the tax reform of the national government who made some changes to royalties. The adjustment that was included in the tax reform indicates that companies cannot deduct royalties from income […]

Mining exports totaled $22,155 million in 2022

Mining exports totaled $22,155 million in 2022

Mining exports Colombia they represented 34% of the total value exported by the country in 2022 and totaled US$22,155 million, a growth of 65.6% compared to the US$13,382 million billed in 2021. Read: There are 8.4 million credit card users in Colombia Juan Camilo Nariño, President of the Colombian Mining Association (ACM), said this sector […]

Petro’s announcement about royalties in the mining sector left a bittersweet taste

Petro’s announcement about royalties in the mining sector left a bittersweet taste

The former finance minister Maurico Cardenas, assured that the president’s message on the royalty issue was contradictory. “President Petro is right that the resources in the soil belong to the nation and that royalties should not be part of the companies’ accounts. By the same logic, royalties should not be given importance because they are […]

It is the most expensive proposal: ACP on new oil surcharge plan

It is the most expensive proposal: ACP on new oil surcharge plan

The new oil surcharge proposal is 115% more expensive for businesses than originally proposed in the government’s tax reform and is 5% heavier than what was approved in the first debate. This is according to the Colombian Oil and Gas Association (ACP), in a report that analyzes the recent change in income tax for the […]

The Caribbean coast received royalties for 26.8 billion pesos

The Caribbean coast received royalties for 26.8 billion pesos

The General Royalty System (SGR), aims to determine the distribution, purposes, administration, implementation, control, efficient use and destination of revenues from the exploitation of non-renewable natural resources. The GSC works on two levels, central and territorial. The resources are not part of the general budget of the nation nor from the transfer system and may […]

Barranquilla is a mining services operations center: ACM

Barranquilla is a mining services operations center: ACM

Barranquilla has become a center of goods and services of the mining industry assured the chairman of the Colombian Mining Association (ACM), Juan Camilo Nariño. “The Caribbean coast is the mining center most important thing that the country has and within it, barranquilla it’s the most important thing,” he assured in an interview with EL […]

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