Post by
satuple on Nov 17, 2023 10:27am
EC going up today, must likely
due to Colombia's Constitutional Court declaring null an article of Goverment's proposed tax reform in which it declared royalties paid by extraction companies woudln't be discounted from tax paid by companies.
As I understand in the 3Q report EC included payments due to both royalties and taxes
https://www.portafolio.co/economia/impuestos/corte-tumbo-la-no-deducibilidad-de-regalias-de-la-tributaria-592440