Articles 815 and 850 of the ET indicate the conditions under which a credit balance is compensable or may be requested as a refund. However, these do not include the possibility that balances generated in excess of deductible VAT over the VAT generated, and which were caused at the same rate, may be requested as … Read more
By means of Resolution 000016 of March 7, 2019, form 110 was prescribed for returns for the taxable year 2018 and fraction of 2019. In addition, form 210 was prescribed for the taxable year 2018 and will not be applicable for part of 2019. Below, we describe its novelties. “The Dian complied with the timely … Read more
Although Resolution 000060 of 2017 was modified by Resolution 000045 of 2018, the deadlines for submitting the exogenous information for the taxable year 2018 remain the same, between April and June 2019 the obligated parties must submit this report. In this editorial we expose the deadlines in detail. The exogenous information for the taxable year … Read more
On April 9, the deadlines for large taxpayers and other legal entities responsible for income tax and complementary taxes to file the annual declaration of assets held abroad as of January 1 of that year began. The annual declaration of assets held abroad, created through articles 42 and 43 of Law 1739 of 2014, and … Read more
Through Resolution 000020 issued on March 26, 2019, the Dian indicated new parties obliged to issue electronic sales invoices with prior validation and, at the same time, established the calendar with the phases and dates in which its implementation will begin. As mentioned in a previous editorial, on February 19, 2019, the Dian released a … Read more
Individuals belonging to the ordinary regime will obtain a gross income from the sale of their real estate, which must be reported at the end of the year in the income tax return, if the total income of the year exceeds the amount corresponding to 1,400 UVT. Next, we will answer the following question: If … Read more
Through Decree 608 of April 8, 2019, the Ministry of Finance established the deadlines to make the declaration and payment of the wealth tax and the complementary tax normalization tax, created through Articles 35 and 42 of the Financing Law 1943 of 2018. As we have already mentioned in previous editorials, the Government, based on … Read more
With the entry into force of the Financing Law 1943 of 2018, tax benefits were established to which companies created as of January 1, 2019 will be able to access, as is the case of orange economy companies and development of the Colombian countryside. Next, we will answer the following question: Did the Financing Law … Read more
By May 2020 all companies in Colombia must have electronic invoices or face penalties. On May 2 begins the massification of electronic invoicing in Colombia, which aims to achieve that half a million small and medium-sized companies change paper invoices for digital files in the coming months. The first sector in the Dian’s queue is … Read more
In a statement published on May 24, 2019, the Dian indicated that it expects to update the RUT of more than twelve million natural persons. The mails are already starting to arrive, and they reflect the changes of the old codes of responsibilities 11, 12 and 34 for the new 48, 49 and 50. As … Read more
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