Andres Garcia

A report by the Organization for Economic Cooperation and Development (OECD) puts the spotlight on the payment of income tax by individuals. A good part of the existing income tax benefits should be eliminated. On March 30, 2022, Jens Arnold, one of the OECD economist for Colombia, presented a report at the National University where, … Read more

As of May 27, 2022, Colombians will be able to consult and download the RUT through the Digital Citizen Folder, in the State’s single portal. The Ministry of Information and Communication Technologies (ICT) and the Dian signed a Memorandum of Understanding for digital inter-institutional cooperation, which seeks to integrate the RUT process to the Digital … Read more

The Banco de Republica stated in its Monetary Policy Report for the month of April that inflation will stand at 7.1% by the end of this year. They also estimate that the CPI will be even lower by the end of 2023: according to their calculations, it will reach 4.8%. Inflation expectations increased and remain … Read more

analysts expect the dollar to close the month at $4,072.17, with a high of $4,200. Dollar closed at an average price of $4,070.26, with a drop of $40.2 against the TRM. The dollar has registered an upward trend in the last weeks, according to analysts’ projections, this trend would continue in the coming days, closing … Read more

The dollar has been one of the most relevant issues, considering that it reflects the purchasing power of Colombians and the state of the economy in international terms. Although the Market Representative Rate (MRR) has been rising exponentially due to the political risk represented by the votes and various foreign macroeconomic aspects such as the … Read more

The supporting document in purchases from non-obligated to invoice serves as support for costs and deductions in the income tax return. It can be used by a buyer who acquires a good or service from a supplier who is not obliged to issue a sales invoice. The electronic invoicing system is an ecosystem made up … Read more

During the second half of the year 2022, it is important to keep in mind the expiration of tax obligations that will take place during this period, which are some of the most important responsibilities of this year. In order to be prepared for compliance and avoid incurring possible penalties and late payment interest. We … Read more

The electronic invoicing system is a computational tool and/or IT solution through which sales transactions of goods or services are supported, complying with conditions that facilitate the inspection of the information by the Dian. According to the above and to be updated in each of the aspects that you must take into account for electronic … Read more

Taxpayers who have balances in favor in income and VAT returns may request them to the Dian for refund and/or compensation. The automatic refund is the recognition in an agile way through the Computer Services of balances in favor determined in the Income Tax and Complementary Tax and Sales Tax -VAT returns, carried out by … Read more

It seems that December 2, 2022 will be the last of the three VAT-free days. Yes, after this year there may be no more such days. It is said that the VAT-free day does not benefit the national industry, so it is not seen in the next government’s economic strategies. This allowed citizens to acquire … Read more