Andres Garcia

Iván Duque, President of the Republic, announced that March 11, 2022 will be the first VAT-free day of this year. “Today I also want to convey a message: the first VAT-free Day of this year will be on Friday, March 11, so that we can liquidate inventories, help trade, we can help our economy also … Read more

If the economic growth forecasts for 2021, 2022 and 2023 are met, the average annual expansion of the economy from 2019 through 2023 would be 24% Banco de la República published its January Monetary Policy Report for 2022, where it revised up its forecast for Colombia’s economic growth for 2021 from 9.8% to 9.9%. Taking … Read more

Pursuant to Article 1 of Law 52 of 1975, the employer must pay to its employees no later than January 31 of each year the interest on severance payments liquidated as of December 31 of the immediately preceding year, which corresponds to 12% per annum on the balances of the severance payments liquidated. As provided … Read more

The National Administrative Department of Statistics also revealed that this data, when compared to the last pre-pandemic year (2019), shows a growth of 2.8%. One of the economists of Scotiabank Colpatria business group, stated that this figure shows the consolidation of a continuous growth of the country, however, he warned that “we still have a … Read more

With Decree 290 of February 28, 2022, the Ministry of Finance made the dates official. The VAT exemption days for 2022 apply to the covered goods covered by Articles 37, 38 and 39 of the Social Investment Law of 2021, and seek to boost the growth of the economy after the reactivation phase of the … Read more

The annual increase in prices for the second month of 2022 was 8.01%, as recorded by the Dane, the entity that delivered the inflation results. In February, the figure was 1.63 %, which brought annual inflation to 8.01 %, significantly higher than the previous year’s figure of 1.56 %. The spending divisions that presented variations … Read more

On April 7, 2022, the deadlines for filing the income tax return of legal entities for the taxable year 2021 begin. The generalities that you must take into account to prepare this income tax return. The income tax returns of legal entities corresponding to the year 2021 continue to be subject to the version of … Read more

The National Tax and Customs Directorate has reminded taxpayers in debt to file the application to access the tax benefits of the Social Investment Law 2155 of 2021. Among the reliefs are the favorability principle, termination by mutual agreement and judicial conciliation. Until this Thursday, March 31, taxpayers will be able to catch up with … Read more

The National Tax and Customs Directorate has warned taxpayers about false communications that have been reported in the last few days. The Dian has reported an alert for false communications that are being sent to taxpayers’ homes. The entity assures that they are impersonating the entity and its officials, and inviting to accept the 2021 … Read more

Companies are required to comply with several tax obligations annually, such as the income tax return for the taxable year 2021. According to the tax calendar, this obligation must be filed between April and May. As the due dates have already started. Companies operating in the country must comply with several tax obligations before control … Read more