The following is an explanation of aspects to be taken into account by taxpayers so that filing income tax returns is not a headache. Penalties that may be generated for not filing the income tax return on time are equivalent to 5% of the tax payable. On August 10, 2021 the deadlines for individuals to … Read more
The exogenous information is a report of great importance for the Dian’s control purposes. It records the commercial operations carried out by a natural or legal person during a given period. The entity or natural person that has made errors when reporting its exogenous information is the one who must make the respective adjustments. Therefore, … Read more
Form 220, when filled out completely with the data that are in charge of the worker, will be used to support before the Dian the reasons for which the employee did not have the obligation to declare and for this reason it will be necessary to keep it for a period of 5 years. According … Read more
New articles are aimed at strengthening the proposal previously filed. It is expected that the Congress of the Republic will call for the first debate in the next few days. The Minister of Finance, José Manuel Restrepo, informed that the Social Investment bill was submitted after six sessions of meetings and a special sub-commission, maintaining … Read more
According to the 2021 tax calendar contained in Decrees 1680 of 2020 and 612 of 2021, 10 tax obligations will be due in September 2021, including the income tax return for individuals. Let us recall that since January 2020 the Dian has not presented generalized collapses. During the month of September 2021 taxpayers will have … Read more
The National Federation of Departments -FND- proposed a tax on sugary and sweetened beverages to rescue the health system and improve the health of Colombians. As an alternative to rescue the country’s hospital system from the financial crisis in which it finds itself and which was aggravated by the COVID-19 pandemic, the National Federation of … Read more
The Dian will apply reductions of penalties, interest and capital on tax obligations administered by the entity that are in charge of companies affected by COVID-19. Decree 939 of 2021, which regulates the benefit, establishes different options of terms and amounts. Decree 939 of August 19, 2021, which partially regulates Legislative Decree 560 of 2020, … Read more
Since President Iván Duque began his term in office in 2018, at least 7 norms have been issued that could be considered tax reforms due to their significant impact on the national tax system. We tell you details of the Social Investment Law 2155 of 2021, the eighth reform of the president. The present Social … Read more
With these days, merchants will be able to liquidate inventories and consumption will be stimulated, not only in person but also by taking advantage of virtual channels. On October 28, November 19 and December 3, the VAT-free days will be held, confirmed President Iván Duque, who is on an official visit to Spain. “The three … Read more
Law 2155 of 2021 allows a transitory reduction of penalties and interest on taxes, fees and contributions of the territorial order. It establishes the possibility of entering into payment agreements with taxpayers that avail themselves of the contentious-administrative conciliation. The tax reform law, Law 2155 of September 14, 2021, from the point of view of … Read more
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