Colombia removed the legal hurdles standing in the way of businesses willing to extend remote work for an indefinite period.
The Colombian government approved a new law that requires companies to bear the operational costs of remote workstations. This means they should pay for electricity, Internet and water spent by their home-based workers.
Not everything is bad news for the companies, though. Unlike the Philippines, the Colombian law does not deny incentives to companies operating in special economic zones (SEZs) for moving computing equipment out of their workplace.
SEZ companies will remain entitled to the financial incentives as long as they don’t hire anyone outside their zone, clarified Fabio Andrés Osorio Salgado, tax director at JA Del Río, a Latin American auditing firm in Colombia.
“The goal behind setting up SEZs is to create jobs for the local community,” he said during a conversation with Nearshore Americas.
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