On November 10th the National Government set through the resolution 000115 from DIAN, the Tax Value Unit at 29,753$ which will take effect from January 1st 2016.

In order to change in absolute values the figures and values expressed in UVT, applicable to the tax regulations and tax obligations managed by the DIAN (Art. 868-1 of the Tax Code), the number of UVT is multiplied by its value, approaching its income in accordance with the procedure established in the Tax Article 868. This allows knowing the figures in absolute terms, as the minimum penalty, to be able to make the tax planning at the end of 2015.