Netflix, Amazon, Mercado Libre, Apple, Linio, Dafiti, among others, are platforms that in the midst of the pandemic have positioned themselves more thanks to the increase in their use. This has translated into large monetary income for each and every one of them. Digital platforms in our country pay two taxes: VAT and reteica. The … Read more
The consequences of taxing the entire family basket with VAT would be negative for the most needy population. It is necessary to review tax benefits through a proportionality test, eliminate those that do not have a progressive impact and create a new tax on digital services. The Centro de Pensamiento de Política of the Universidad … Read more
Law 2060 of 2020 extended the term of the Formal Employment Support Program (Programa de Apoyo al Empleo Formal -Paef- until March 2021. Given the above, it is important to be clear about the grounds implemented by the Pension and Parafiscal Management Unit -UGPP- to deny access to Paef. By means of Decree 639 of … Read more
The Minister of Finance, Alberto Carrasquilla, recently stated in Dinero that the Tax Statute -ET- must be modified and that the country’s tax issues must begin to be discussed next year as part of the strategy to achieve economic recovery. “Colombia must stop having a ‘poor country’ Tax Statute, since the rebound of the economy … Read more
Service providers from abroad that render services to persons or companies located in Colombia are considered liable for VAT as long as the services are taxed with such tax. These service providers are not obliged to issue an invoice. In the following video, our speaker Diego Guevara Madrid, prominent tax expert and leader of tax … Read more
The Colombian government set the minimum wage increase for 2021 at 3.5%, thus reaching $1,014,980 (SMMLV $908,526 + transportation allowance of $106,454). “New minimum wage for 2021. For the first time in the history of Colombia and fulfilling a campaign promise, it will exceed, including the transportation allowance, one million pesos. In total it will … Read more
By means of Resolution 000111 of December 11, 2020, the Special Administrative Unit of the National Tax and Customs Directorate (DIAN), announced the value of the UVT applicable in 2021, which remained at $36,308. Let us remember that the Tax Statute in its article 868 establishes the Tax Value Unit (UVT) as the measure of … Read more
Devaluation is the decrease in the value of the national currency with respect to some foreign currencies. In this publication you will learn about the devaluation of the Colombian peso during the year 2020. In the technical language of macroeconomics it is reiterative to speak of two terms: devaluation and revaluation; such concepts refer to … Read more
Non-compliance with the formal and substantial obligations of taxpayers entails a series of sanctions by the tax administration, with the purpose of complying with numeral 9 of article 95 of the Political Constitution, which establishes that among the obligations of Colombians is to contribute to the financing of the expenses of the State within the … Read more
For Alejandro Chacón, the current VAT rate, which is 19%, should be reduced to 8%. This would not affect tax collection. Representative Alejandro Chacón has made a series of proposals regarding the tax reform. The first one is to replace the VAT with the consumption tax, an idea he had formulated in the debates of … Read more
Share your requirement with us