Andres Garcia The process of preparing the ESFA should have been carried out at the end of December 31, 2015, in the case of SMEs. In this editorial we mention some consequences of the convergence to International Standards, and what information an entity must disclose about the adjustments in the ESFA. Based on CTCP Concept 145 of … Read more
The national government, through the Ministry of Finance, approved Decree 1951 of 2017, which establishes the conditions for those who must comply with this tax burden. This document, which is available on the website of the Presidency of the Republic, is the update to decree 1625 of 2016. So go prepare your return, because if … Read more
Between August 9 and October 19, 2018, the deadlines for individuals to file the declaration of assets abroad and income tax return in a timely manner expire. With the tax reform, changes were introduced to the penalties applicable to the first type of return. The structural tax reform did not make changes on article 607 … Read more
The beginning of the deadlines for filing the income tax return of individuals in Colombia is approaching, and many foreigners and Colombians living abroad must also comply with this obligation, provided that they meet certain requirements. The obligation to file the income tax return as a natural person falls on all those who have generated … Read more
Through the answer to question 3.1 of its Unified Concept 912 of July 19, 2018, which was later modified with Concept 915 of July 23, 2018, the Dian interprets the rule of Article 592 of the ET and indicates that natural persons who according to Articles 9 and 10 of the ET qualify as non-tax … Read more
The problem of the companies is not taxation, but the lack of demand, because, although the nominal rates of these are high, it happens that the richest do not pay taxes. Instead, the Government plans to raise taxes for individuals. In front of the media, the Minister of Finance, Alberto Carrasquilla, made an initial diagnosis … Read more
According to Law 52 of 1975, every company is obliged to pay severance payments to its employees and other related provisions, recognizing and paying interest at 12% per annum as of December 31. Therefore, January 31 is the maximum term for the payment of this interest to all workers who have a permanent or indefinite … Read more
Cyber-attacks and theft of information through fraudulent messages are in vogue among unscrupulous people who seek to seize personal data, banking information and even money from people who fall into these traps. Some of the false messages that are usually received are those sent on behalf of the Dian, requesting the payment of taxes or … Read more
The Dian on January 23, through Official Letter 116, made its first pronouncement regarding the means of payment accepted for tax purposes as support of costs and expenses, where it concluded that low amount deposits such as Nequi and Daviplata were not part of the means of payment expressly allowed by Article 771-5 of the … Read more
Telecommuting, regardless of the modality implemented, will continue to grow, even though some companies have implemented sporadic face-to-face options to strengthen relationships in their work teams. The incidence of telework, work at home and remote work has been well received by both employers and employees, as it allows optimizing travel time and costs, as well … Read more
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