Taxpayers listed on a stock exchange with their effective place of management situated in Colombia should review the list to determine whether they are subject to tax on their worldwide income.

The Colombian tax authority issued Resolution No. 57 (July 27, 2016), listing the international stock exchanges that should be considered suitable for purposes of Article 12-1 of the Colombian Tax Code.

As a general rule, companies and entities that have their effective place of management within Colombian territory are considered national companies or entities for corporate income tax and income tax for equality purposes (Article 12-1); as a result, they are taxed on their worldwide income and equity.

Article 12-1 also states that foreign companies that have issued bonds or shares that are listed in the Colombian Stock Exchange Market or in foreign exchange markets that are considered suitable will not be considered national companies or entities, even if they have their effective place of management in Colombia.

The following international stock exchanges are considered suitable for purposes of Article 12-1:

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