Colombia has set up criteria for identifying end beneficiaries of legal entities or structures lacking a legal person, and also for the method of compiling the related data on records. Starting this year, Colombian non-profit or for profit companies or entities (residents for tax purposes), and others non-resident but actually established within Colombia (including branches), as well as other structures classified in accordance with certain requirements, will have the obligation of submitting information regarding end beneficiaries.
Related Post
Update for trusts created in the Cayman Islands
Cayman Islands: Trusts created under the 2024amendment can now last indefinitely.
Italy doubles the flat tax
Italy: The government doubles the flat tax onforeign-sourced income for new residents.
UK: new tax regime for new residents
United Kingdom: The government modifies the tax system for new residents.