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
Uruguay’s Tax Holiday: What Changed and What to Consider
Uruguay remains one of the most relevant jurisdictions for Latin American families evaluating a change of tax residence....
The estate planning gap that’s tearing families apart
The statistic every wealthy family should take seriously A new study by STEP, the international organization of trust...
Key Regulatory Updates in the UK, BVI, and Jersey
UK: starting in April 2025, individuals who manage or control UK companies will be required to verify their...