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Tax Statute (Estatuto Tributario)

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Decree 624 of 1989. DIAN compilation in Spanish, plus Luque Law’s unofficial U.S. English desk translation. Not a gazette; confirm the official Spanish text.

Spanish is the DIAN compilation. English is Luque Law’s unofficial U.S. desk translation, not a gazette.

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Official sourceDecreto 624 de 1989 — Compilación Jurídica DIAN

Art. 249

Art. 249

ARTICLE 249. FOR INVESTMENT IN SHARES OF AGRICULTURAL COMPANIES. See Editor's Notes Article added by Article 14 of Law 1111 of 2006. The new text is as follows: Taxpayers who invest in shares that are traded on a stock exchange, in exclusively agricultural companies, in which share ownership is highly democratized as established by regulation, shall be entitled to deduct the value of the investment made, provided it does not exceed one percent (1%) of the net taxable income of the taxable year in which the investment is made.

The deduction referred to in this article shall apply provided that the taxpayer maintains the investment for a term of not less than two (2) years.

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For reference only. Colombian law changes; confirm the current official text before acting.