In 2018, inflation or cost of living for Colombians registered a variation of 3.18 % compared to 2017, approaching the Bank of the Republic’s target of 3 %. Four groups were above the national average: education (6.38 %), health (4.33 %), housing (4.13 %) and transportation (3.73 %). The rest of the expenditure groups were … Read more
The Financing Law repealed Articles 430 and 446 of the ET, and amended Article 475 establishing that as of March 1, 2019 VAT on such beverages will be charged on a multiphase basis; the liability will no longer be solely on the head of the producer or importer. The Financing Law, 1943 of 2018, made … Read more
To calculate the value of the presumptive yields during 2019, a rate of 4.54% must be applied. The figure of presumptive interest is regulated in Article 35 of the Tax Statute and applies when companies lend to their partners or shareholders, or when these make loans to the company or corporation in which they own … Read more
Resolution 000002 of January 3, 2019 establishes that, for now, those obliged to invoice electronically will be only those who were large taxpayers on February 6, 2018, as well as those who during the last 6 years used the electronic invoicing of Decree 1929 of May 2007. The Dian, in order to comply with the … Read more
On December 28, 2018, President Ivan Duque signed Financing Law 1943, which includes, among other things, four new national taxes intended to solve the national budget deficit. In this editorial we address the most important aspects of each of them. According to statements made by the Minister of Finance, Alberto Carrasquilla, the new tax reform … Read more
Law 1943 of 2018 eliminated the GMF exoneration that operations carried out with credit cards had until the close of 2018, as well as the exoneration of financing companies when they disbursed monies to acquire goods delivered later in leasing contracts. Article 87 of Financing Law 1943 of December 28, 2018 made an important modification … Read more
Several tax experts expressed their points of view on the Financing Law. They highlighted the doubts they have about this law and several negative points they see. The former Minister of Finance, Guillermo Perry, stated that in terms of companies, the Financing Law was negative because tax exemptions and privileges were maintained and increased in … Read more
The Dian released the draft resolution through which it seeks to establish those obliged to invoice electronically and at the same time establish the calendar for its implementation. On February 13, 2019, the Dian published for comments the draft resolution through which it establishes the calendar and the parties obliged to invoice that must start … Read more
The Dian released the draft resolution through which it seeks to prescribe and enable forms 110, 210 and 310 for compliance with tax obligations of taxpayers for 2019. On February 22, 2019 the Dian released the draft resolution by which it seeks to prescribe and enable some forms for the compliance of tax obligations to … Read more
The general director of the Dian, José Romero, published on March 7, 2019 a draft resolution announcing 7 last minute modifications regarding the exogenous information for the taxable year 2018, the delivery of which will start to be due on April 23, 2019. Following the same custom of the previous directors of the Dian (which … Read more
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