Using the powers of Article 808 of the Tax Statute, the Government reduced to 0% the value of the advance payment of income tax for the taxable year 2021 for several taxpayers of the ordinary regime affected by the current economic crisis generated by the COVID-19 pandemic. Making use of the powers of Article 808 … Read more
Fedesarrollo proposes to maintain the 19% rate and gradually raise to 8% the goods currently exempted, excluded or taxed at the differential rate of 5%. The entity also indicates that the current VAT scheme could be replaced by a consumption tax scheme under a single rate of 8%. Much of the low productivity and efficiency … Read more
The Andi does not want the VAT to be touched, nor the income tax for individuals. For Fenalco, under the current conditions Colombians are not prepared for a tax reform. Acopi asked the Government to increase the amount of the payroll subsidy. The National Association of Colombian Businessmen -Andi- does not like the idea that … Read more
With the modifications that would be proposed, the Government would already be looking for a collection of between 18 and 20 billion pesos. No to VAT on public services. The Vice Minister of Finance, Juan Alberto Londoño, assured today in La FM that the reform will continue its course in the debates of the Congress … Read more
According to the Government, by 2023, those with a net income of $1,694,000 per month would pay income. Anif’s proposal would make those who have the capacity to do so pay more and those who do not pay less. By broadening the base, the Government expects to go from 3.5 million taxpayers to close to … Read more
With 24 votes in favor in the House of Representatives and 13 in the third commission of the Senate, the bill was defeated. The newspaper La República reported that in a political debate, the joint economic commissions three and four of the Senate and the House of Representatives approved the withdrawal of the sustainable solidarity … Read more
In accordance with Article 336 of the ET, self-employed workers must choose between subtracting in their income tax return costs and expenses or 25% of exempt income. In no case both benefits may be taken together in the income tax return for the taxable year 2020. According to the new version of article 336 of … Read more
A surtax on corporate income and an extension of the wealth tax, both on a temporary basis, are some of the proposals. Establishing for two years the wealth tax for individuals and suspending the ICA discount in the income tax are ideas that the Andi likes. José Manuel Restrepo, Minister of Finance, has said that … Read more
Suspending the ICA discount and postponing the income tax benefit for companies are some of the proposals made by the Andi. The newspaper Portafolio highlights the ideas put forward by the National Association of Businessmen -Andi-, so that the resources needed through a tax reform come from suspending the ICA discount ($5.2 billion) and postponing … Read more
Dian issued Resolution 000037 to modify Resolution 000013 and establish that the authorization as generator of the electronic payroll document will not begin on May 31, but on August 1, 2021. The transmission of such document will no longer begin on July 1, but on September 1, 2021. After having announced it since last April … Read more
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