Accounting & Analytics · Taxation

Impuesto de Industria y Comercio (ICA)

Simulation to practice municipal ICA tax compliance across multiple Colombian cities, covering rate calculation, exemption documentation, branch classification, and remediation planning for Comercio Andino SAS

4 rounds Executive English, Español
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Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Bogotá ICA Rate (%)
  • Medellín ICA Rate (%)
  • Cali ICA Rate (%)
  • Request DIAN Importer Certificate
  • Compile machinery sales invoices
  • Obtain 2023 municipal resolution
  • Registration for Medellín
  • Address inconsistency in Bogotá
  • Implement ICA rate matrix by city (COP 15M)
  • Annual reconciliation of Chamber and DIAN registrations (COP 8M)

Subjects covered

Designed for courses in Taxation.

  • Mergers, Acquisitions & Corporate Restructuring
  • Scenario Planning & Strategic Foresight
  • Risk Management

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