Investments and Business

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Workers who have an employment relationship through a fixed or indefinite term contract will receive a mid-year and end-of-year premium. This does not apply to contracts such as those for the provision of services, since in them there is no employment relationship with the employee or also those who have agreed with their employees the payment of a full salary. The service premium consists of the delivery of a salary, which isIt is distributed in two payments, the first half delivered in June and the second at the end of the year. This premium is established in the Article 306…

The slowdown in the economy is revealing more and more major cracks in household finances. Not only is its consumption in sharp decline (according to Raddar, household spending in March showed a contraction of 3 percent per year) but also, lolombian families are finding it more difficult to pay their financial obligations and to catch up on delinquent loans.(Also read: Consumer loans slow down, growth in March is the lowest in 5 years) This is clear from a recent report by the financial information center TransUnion, which warns that delinquency in credits is accelerating and today there are more credits…

As of next July 31, 2023, companies in Colombia must comply with a new requirement of the Directorate of National Taxes and Customs (Dian): the Single Registry of Final Beneficiaries (RUB). Although this measure was implemented in January 2022, its application had been gradual until now. (Also read: 'If we do not have reserves, the energy transition is at risk': says the USO) The RUB is a mechanism aimed at legal persons and structures without legal status or similar, through which they must provide information on their final beneficiaries. As established in Law 2155 of 2021, “The final beneficiaries of…