José Andrés Romero, director of the Dian states that the simple taxation regime paves the way for a paperless route that will boost formalization, easing the tax burden on entrepreneurs, and strengthening the country’s economic development. In simple terms we explain. On May 20, 2019, the Dian and the Bogota Chamber of Commerce held the … Read more
To prepare the report, the entity created an Orange Economy Information System (Siena) and used statistical information from the DANE and the Ministry of Culture. The Dane revealed the first indicators of the orange economy in the country. In the document entitled Orange Economy first report 2019 it is recalled, as background, that between 2014 … Read more
The rule regulates articles 42 to 49 of Law 1943 of 2018, currently sued before the Constitutional Court, which allow making a new normalization and/or tax reorganization with the assets and/or liabilities of the taxpayers of the ordinary regime before September 25, 2019. Last May 20, 2019, the Ministry of Finance issued its Decree 874, … Read more
With the signing of the National Development Plan 2018-2022 by President Iván Duque, the Government’s roadmap for the four-year term came into effect, which establishes investments for 1,096 trillion pesos. What is new? With the signing of the National Development Plan 2018 – 2022, the national government establishes a total of 1,096 trillion pesos in … Read more
Tax regulations allow VAT generated on sales that are later cancelled, rescinded or terminated by the customer to be deducted from the total balance due for this tax. For accounting purposes, an account can be created to control this value, which will then be transferred to the form. Next, we will answer the following question: … Read more
Decree 957 of June 5, 2019 establishes new criteria to classify micro and small companies, which affect the process of requesting authorization for invoicing numbering and the use of the free electronic invoicing software offered by the Dian. After having announced it through several draft decrees published since late 2016, the Ministry of Commerce, Industry … Read more
The regulations include new means of payment such as credit cards and other credits. Technical and procedural aspects to be taken into account by the collecting entities are regulated. With the purpose of facilitating the payment of national taxes, the Dian modified by means of Resolution 36 of May 31, 2019, the technical specification of … Read more
Tax discounts correspond to those amounts that can be subtracted from the amount assessed as income tax. It is considered that a tax discount is better than an exempt income or an income that does not constitute income or occasional gain because it directly affects the tax payable. “Tax discounts are a mechanism used by … Read more
According to Resolution 000055 of 2016, those obliged to issue invoice or equivalent document shall request the authorization of the numbering in accordance with current regulations. However, not in all cases equivalent documents will require such authorization. Next, we will answer the following question: Is numbering authorization required in the preparation of equivalent documents? According … Read more
Among the tax discounts allowed are those that apply to taxes paid abroad. They consist in that a person with Colombian residence who earns income outside the country and pays taxes on it may deduct the amount paid abroad from the balance payable in Colombia. “The income obtained by the taxpayer abroad will also be … Read more
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