Non-resident individuals who obtained gross income in Colombia in 2020 in excess of 1,400 UVT (on which no withholdings were made) are obliged to file a virtual tax return on form 110. In accordance with the provisions of article 592 of the Tax Statute -ET- and article 1.6.1.13.2.7 of DUT 1625 of 2016 (after being … Read more
Natural persons who are obliged to file income tax returns for the taxable year 2020 must do so in 2021 within the deadlines set by article 1.6.1.1.13.2.15 of decree 1625 of 2016. Below we inform the dates listed according to the last two digits of the Nit of the natural person, without considering the verification … Read more
The first question that you must resolve and be very clear about is whether as a natural person you must file your 2021 income tax return. The Dian establishes each tax year some ceilings for the income tax return in Colombia, taking into account factors such as income, goods, purchases, consumptions, consignments and transfers of … Read more
The Tax Network proposes that no salaried employee or pensioner earning less than 6 million pesos per month should pay more in income. It also suggests eliminating all tax benefits, including special rates and ICA discount, which give preferential treatment to some sectors. The Tax Work Network (Universidad Javeriana, Universidad Externado de Colombia, Universidad del … Read more
If you file your income tax return after your due date, you will have to pay a penalty for late filing, known as extemporaneous filing penalty. This penalty is equivalent to 5% of your tax liability and increases with each month or fraction of a month that passes between the due date and the date … Read more
Taxing high pensions allows redirecting subsidies to finance social programs. The structure of the dividend tax makes its payment inefficient. Proposal on the new wealth tax would be temporary, with an initial validity of four years. On May 31, 2021, the Center for Economic Studies Anif presented the offprint La reforma fiscal: camino a la … Read more
By means of Decree 612 of June 4, 2021, the deadline for legal entities that qualify as micro and small companies to cancel the balance payable of their income tax return for the taxable year 2020 was extended again. The first extension was given with Decree 374 of 2021. On June 4, 2021, the Ministry … Read more
The income tax for micro and small companies corresponding to the taxable year 2020 must be paid in November 2021. Through Decree 612 of June 4, 2021, the National Government modified the tax calendar for SMEs, specifically in relation to the dates corresponding to the income tax for these companies. The tax calendar, as announced … Read more
President Iván Duque highlighted the commitment of entrepreneurs with the institutional framework and with the goal of hiring more than 600,000 young people in the second half of the year. President Iván Duque highlighted this Tuesday the commitment expressed by entrepreneurs to join the strategy to generate youth employment, thanks to the 25% subsidy to … Read more
A political consensus must be reached for a new tax reform bill. Centro Democrático’s proposal seeks to expand coverage of social programs and protect formal employment. Hernando Gómez assures that collection must be increased by at least 1.5 points of the GDP. The Minister of Finance José Manuel Restrepo continues trying to reach the necessary … Read more
Share your requirement with us