Andres Garcia

This Tuesday, the dollar closed at $4,627.73 on average, which represented an increase of $114 against the Market Representative Rate (MRR), which for today’s trading day is at $4,513.28, as the risk of economic recession in the United States increases. The opening price registered by the Set-FX platform was $4,590, while the maximum reached $4,663 … Read more

Individuals who are obliged to file income tax returns for the taxable year 2021 must comply with this requirement between August 9 and October 19, 2022. Now, does being obliged to file income tax returns imply being liable for VAT? A natural person who acts as not liable for VAT and, in addition, does not … Read more

One of the main tax obligations of individuals is the income tax return for the taxable year 2021. According to the tax calendar, taxpayers must file it between August 9 and October 19, 2022. Individuals have different tax obligations to file with the Dian. One of the main ones is the income tax return for … Read more

Banks must consolidate information among themselves for the exemption to apply without the need to mark the account. It is worth mentioning that there is already an exemption for a single marked bank account. The withholding agent institutions must adopt a control system that allows the verification and withholding of the tax on financial movements, … Read more

Article 644 of the tax statute, which regulates the aspects related to the penalty for correction of tax returns, was modified the first numeral by Article 285 of the Structural Tax Reform Law 1819 of 2016, this now contemplates the possibility of correcting the return before the expiration of the deadline for its presentation without … Read more

Fedesarrollo believes that the Government will seek to raise the minimum between 20% and 25%. The director of Fedesarrollo said that inflation would lead to these new minimum wage levels. The increase of 10.07% was the last increase in the minimum wage set by then President Iván Duque in December last year, at a time … Read more

The new tax reform bill, tax experts, public accountants and economists have taken on the task of analyzing and giving their opinion on the subject. Which individuals will feel the biggest blow according to the tax reform bill? The tax reform project seeks to equalize the tax treatment of individuals in Colombia, as well as … Read more

Taxpayers who in their income tax returns have liquidated a balance in favor may request a refund from the Dian. The period of validity of such return once the request for refund has been filed must be taken into account. The second paragraph of article 714 of the Tax Statute -ET- states that the tax … Read more

At the time of filing the income tax return it is important to consider some aspects related to inconsistencies that may arise in the filing or with special treatments that some returns must have: Incorrectly registered economic activity code According to article 43 of Law 962 of 2005 and Circular 00118 of 2005, errors related … Read more

Individuals have different tax obligations that must be filed with the Dian. One of the main ones is the income tax return for the taxable year 2021. This, according to Decree 1778 of 2021, must be filed between August 9 and October 19, 2022 according to the last two digits of the NIT. In other … Read more