The effects of the tax reform, Law 2277 of 2022, are already beginning to be reflected in certain economic sectors. He explains that this only begins to apply to income tax returns for the taxable year that began in January, but thanks to withholding taxes on salaries, its effect is already being felt in the … Read more
The new version of article 908 of the ET indicates that in 2023 those registered in the simple regime will use 6 tables to liquidate their bimonthly advance payment and annual tax. Due to the changes that article 44 of Law 2277 of December 13, 2022 introduced to article 908 of the Tax Statute -ET- … Read more
VAT returns must be filed by those responsible for this tax, either on a bimonthly, quarterly or annual basis, depending on the regime to which they belong or the amount of their gross income. However, there are doubts as to whether there are cases in which the return must be filed in zero. The VAT … Read more
In accordance with the provisions of Article 93 of Law 2277 of December 13, 2022, on May 31, 2023, one of the several transitory benefits provided in said law to obtain reductions in penalties and interest owed by taxpayers to the Dian for tax obligations will end (see also Article 91 of the same Law … Read more
The Constitutional Court stated that the right to social security must be exercised gradually under conditions that ensure that there is no direct or indirect discrimination between men and women. The Constitutional Court says that it is unconstitutional for women to reserve 1,300 weeks to receive a pension. This pronouncement of the court appeared after … Read more
Only 12 beneficiaries have complied with all the requirements to become single taxpayers. At the beginning of the year, the Government was considering a figure of 500,000 small business owners who could benefit. The regulations could have worked against them, but the Dian thinks that this will change. The monotributo, a government strategy to formalize … Read more
For 2018, companies that have gross assets as of December 31, 2017 that are equal to or greater than $3,688,585,000 (5,000 smmlv) and/or have gross revenues as of December 31, 2017 that are equal to or greater than $2,213,151,000 (3,000 smmlv), must have a statutory auditor. Article 203 of the Code of Commerce generally establishes … Read more
The due dates for the payment of income and supplementary tax, as well as its surtax and respective advance payment were included in articles 1.6.1.1.13.2.11 and 1.6.1.1.13.2.12 of Decree 1625 of 2016, which were modified by article 1 of Tax Calendar Decree 1951 of 2017. Decree 1951 of 2017 established the national tax calendar by … Read more
During 2018, the same criteria that applied in 2017 to belong to the simplified VAT regime will continue to apply, since there were no new tax reforms, special regulations, or rulings of the Constitutional Court that altered such criteria. Individuals who during 2018 intend to continue exercising activities taxed with VAT, as well as those … Read more
ISA 805 includes the special considerations that an auditor or statutory auditor should take into account when auditing a single financial statement, specific item, account or line item in relation to accepting, planning and performing the engagement and expressing an opinion. ISA 805 Special Considerations – Audits of a single financial statement or specific financial … Read more
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