Written in conjunction with TMF Group
The Parafiscal and Pension Management Unit (UGPP) is the principal entity in charge of monitoring, controlling, and ensuring that all companies operating in Colombia are in compliance with social security contribution requirements. The UGPP has recently become stricter with inspections, and more closely focused on details when it comes to ensuring this compliance.
This on-demand webinar video, presented by TMF Group and Baker & McKenzie, illustrates the exact functions of the entity, how far its reach extends, and what type of penalties your organization may face if it is not compliant. It also details the activities needed to mitigate audits – including tips on new and better practices, and how to protect your company’s reputation.
You will learn how to avoid some of the most critical errors, and their potential sanctions. For instance, in 2010 a law was established to make sure every Colombian business would proportionately establish and report its salary and benefits contributions. Most organizations did not complete this requirement, and are therefore being penalized by the UGPP. You will learn of similar avoidable mistakes, which can help prevent your company from facing fines.
Audience:
- Any individual working for a company that is operating in Colombia or looking to invest in the country
- Finance, human resources and management teams
- Individuals in charge of payroll and audits
Meet our expert:
Baker & McKenzie: Jaime Girón is a senior tax associate in the Firm’s Tax Practice Group in Colombia and is responsible for the local Tax Litigation group. Mr. Girón has significant experience in litigation processes before the Colombian Tax Authority and the corresponding tax courts for a wide range of industries. Prior to this, Mr. Girón was in charge of the tax litigation practices of Deloitte.
Business Role
Accountant
Advisor
Analyst
CEO / COO / VP
CFO
Compliance Officer
Corporate Controller
Corporate Secretary
Entrepreneur
General Counsel
Investment Banker
Investor
Lawyer
Legal Administrator
Owner
Paralegal
Para-Professional
Venture Capitalist
Business Segment
Sole Proprietor
Single Establishment
Traditional Local Player
Tax Optimizer
Regional Operator - 1
Regional Operator - 2
Complex Operators
Resource Optimizer
Dealmaker
Business Size
Small Business
Middle Market
Corporation
International Corporation
Large Law firm
Small Law Firms
Geography International
International
Afghanistan
Albania
Algeria
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas, The
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burma
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Democratic Republic of the
Congo, Republic of the
Costa Rica
Cote d'Ivoire
Croatia
Cuba
Curacao
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
East Timor (see Timor-Leste)
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia, The
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Holy See
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Korea, North
Korea, South
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Morocco
Mozambique
Namibia
Nauru
Nepal
Netherlands
Netherlands Antilles
New Zealand
Nicaragua
Niger
Nigeria
North Korea
Norway
Oman
Pakistan
Palau
Palestinian Territories
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Sint Maarten
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Yemen
Zambia
Zimbabwe
Geography National
Domestic
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
District of Columbia
Puerto Rico
Industry Type
Agriculture
Accounting
Advertising
Aerospace
Aircraft
Airline
Apparel & Accessories
Automotive
Banking
Broadcasting
Brokerage
Biotechnology
Computer
Consulting
Consumer Products
Cosmetics
Defense
Department Stores
Education
Electronics
Energy
Entertainment & Leisure
Executive Search
Financial Services
Grocery Health Care
Internet Publishing
Investment Banking
Legal
Manufacturing
Motion Picture & Video
Music
Newspaper Publishers
Online Auctions
Pension Funds
Pharmaceuticals
Private Equity
Publishing
Real Estate
Retail & Wholesale
Securities & Commodity Exchanges
Service
Software
Sports
Technology
Telecommunications
Television
Transportation
Trucking
Venture Capital