The deadlines to declare and pay the first installment of this tax obligation began on May 9, 2018 and will be extended until May 23, 2018. Form 440 was only ready at Muisca on May 4, 2018. Legal entities no longer have to file this return. Article 1.6.1.1.13.2.25 of DUT 1625 of 2016, as amended … Read more
The Dian formalized the postponement of the deadlines for the filing of the exogenous information for the taxable year 2017; the new deadlines will go from May 22 to June 20. In addition, it will not be signed when putting the files in the inbox but at the end of the filing. On Thursday, May … Read more
When the taxpayer does not file his return within the deadlines stipulated by the Government, it is advisable to do so before the Dian issues the summons for not filing, otherwise the penalty will be doubled; the tax reform introduced the possibility of reducing certain penalties. Let us answer the following question: When a person … Read more
What is the schedular system for individuals? The schedular system is a mechanism through which a taxable base and an income tax rate is determined for individuals, depending on the type of income received, applying to each of them a special mechanism of income purification and a different rate. In general, it is a matter … Read more
The director of the Dian, José Andrés Romero, catalogued the results of the monotributo as a failure, since out of the 500,000 possible beneficiaries, only 12 beneficiaries have complied with the requirements. “The monotributo did not work. We are going to remove it and create a simple regime that serves small and medium-sized companies in … Read more
On October 19, 2018, the deadlines for filing the income tax return of individuals will end. If you did not file it in accordance with the established dates, you must calculate the penalty for untimeliness, following the guidelines established in article 641 of the ET. When a natural person is required to file the income … Read more
Entities under the special regime may deduct expenses for any type of national or territorial tax, in accordance with article 1.2.1.1.5.1.21 of DUT 1625 of 2016, after being modified with Decree 2150 of 2017 and ratified by the answer to question 4.47 of Unified Concept 481 of 2018. Non-profit foundations, corporations and associations, as well … Read more
Taxpayers who did not file income tax returns may still do so. These persons must pay a penalty for untimeliness corresponding to 5% of the tax per month or fraction of month and liquidate the corresponding interest. Last October 19 was the deadline for individuals to file income tax returns with the Dian, however, the … Read more
The Ministry of Finance and Public Credit issued the draft tax calendar for 2019, by means of which Decree 1625 of 2016 on tax matters would be amended, in order to substitute and add articles in order to establish the deadlines to declare and pay in the following year. The Ministry of Finance and Public … Read more
The director of the DIAN explained a series of points included in the financing bill presented on October 31. He talks about the gradual reduction of VAT and the VAT refund, as well as the novelties of the income tax for companies and individuals. The National Government presented on October 31, 2018, before the Congress … Read more
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