As of January 1, 2024, Colombia’s Significant Economic Presence regulations (“SEP”) went into effect. Bizagi Group Corp. (“Bizagi”), the provider of Bizagi Cloud Services to clients and/or users in Colombia, meets the requirements and thresholds to have a SEP in Colombia. As a result, clients in Colombia that purchase Bizagi Cloud Services must apply a 10% withholding income tax, as indicated in Paragraph 8 of Article 408 of the Colombian Tax Code (“Estatuto Tributario”).

Please see the “Bizagi’s SEP Certification”.