Tax Incentives for renewable energies in Colombia
Through Law 1715 of 2014, the general regulatory framework for Non-Conventional Renewable Energy Sources (FNCER) was established in Colombia in order to give a boost to this type of investments in the national territory, considering their importance worldwide. In the course of the last few years, Law 1715 of 2014 has been subject to amendments, which changes have mainly affected the provisions of a fiscal nature. Through this document, Procolombia in association with the allied firm Estudio Legal Hernandez, want to share the current status of the application of tax incentives, the modifications they have had, including the elimination of some administrative steps for the qualification procedures to the benefits (some procedures before the environmental authority of Colombia) and the increase of the deadlines for the special deduction. These regulatory changes that have been presented, have been regulated through legal instruments that have adjusted details and practical issues that are necessary to be tied in a single document and shared with our installed and incoming investors.
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