Ricardo Bonilla, Colombia’s Finance Minister (MinHacienda), discussed the implications of a recent Constitutional Court ruling regarding the deductibility of royalties, which is expected to result in substantial tax refunds to oil, gas and coal companies.
Former ombudsman (Defensor del Pueblo) Carlos Negret says the country is in the same situation it was in 1998. In Cauca, where he hails from, he is probably right. There are other similarities, like a peace process going nowhere it seems, but some differences.
In a significant move to bolster confidence among foreign investors, Colombia’s Minister of Commerce, Industry, and Tourism, Germán Umaña, assured Spanish entrepreneurs, that the country is committed to respecting foreign investments.
The Ministry of Mines and Energy (MinEnergia) released a draft resolution outlining the criteria and minimum requirements for the construction of electric and gas projects under the “Work for Taxes” mechanism.
The Colombian Association of Petroleum and Gas (ACP) will host the third edition of the “Hechos de Sostenibilidad” (Sustainability Facts) Grand Forum in Barranquilla.
The Ministry of Mines and Energy (MinEnergia) in Colombia has released a draft resolution for regulating oil pipeline transportation.
Despite significant financial commitments by the Colombian government, the country’s road infrastructure still faces numerous challenges and opportunities, particularly in transportation, commerce, and logistics.
For those struggling to navigate the double negatives in this long saga, royalties are deductible. Again.
Colombia has recently been highlighted as one of the least attractive countries for foreign investment in mining.
Seven graphs that illustrate the country’s shrinking resources.
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