Decree 401 of 2020 established the deadlines in which the payment of the wealth tax corresponding to 2020 must be made. The foregoing, in accordance with the provisions of Article 292-2 of the Tax Statute, as amended by Article 43 of Law 2010 of 2019. As from the amendments made to article 292-2 of the … Read more
Companies will have extension to pay income tax; SMEs will be able to pay it in December. Since April 13, 2020, Dian has returned to companies 50,000 million pesos for income and VAT. The State stopped receiving two trillion pesos, and it is estimated that 15 trillion pesos will not come in. José Andrés Romero, … Read more
For the fourth time, Supersociedades extended the deadlines for companies to report their 2019 financial statements, which will run from May 28 to June 26, 2020. In addition, they changed the deadlines for submitting the business practices report. The Supersociedades issued External Circular 100-000009 of May 8, 2020, by means of which it informed a … Read more
Jaime Cabal indicates that 336,000 entrepreneurs, natural persons, were left out of the subsidy. Alberto Carrasquilla acknowledged the error and natural person employers are already taken into account. Salomón Kalmanovitz says that the subsidy falls short because the Government did not want to impose taxes on large companies. The Minister of Finance, Alberto Carrasquilla, said … Read more
The Ministry of Finance and Public Credit made a series of amendments to Legislative Decree 639 of 2020, which created the Formal Employment Support Program (Programa de Apoyo al Empleo Formal -Paef-). In this editorial we offer you a parallel through which you may learn about the changes made to the Paef. The Ministry of … Read more
In Colombia, the proposal would allocate close to 40.5 trillion pesos (4% of GDP) to benefit close to 34.5 million Colombians affected by COVID-19. For ECLAC, the basic emergency income should be implemented immediately, with the prospect of remaining in place for a longer period of time. The Economic Commission for Latin America and the … Read more
The three VAT-free days will take effect on June 19, July 3 and July 19 of this year. Commercial premises that remain closed during the isolation will be excluded from VAT. The consumption tax, which is 8% of the service, will be suspended. On May 18, 2020, President Iván Duque, together with the director of … Read more
Between June 1 and July 1, 2020, legal entities and individuals must submit the exogenous information report for the taxable year 2019. In the case of large taxpayers, this report must be submitted between June 9 and 24 of the current year at the latest. The exogenous information report constitutes a set of data that … Read more
In order to counteract the negative effects generated by COVID-19 on the economic stability of taxpayers, Legislative Decree 688 of May 22, 2020 established the temporary reduction of the moratorium interest rate for the settlement of debts with the Dian. The quarantine and social distancing measures that the Colombian Government has been forced to implement … Read more
External Circular 100-000010 of May 26, 2020 of the Supersociedades extended for the fifth time the deadlines for filing the 2019 financial statements. The report must now be made from June 3 to June 30, 2020. See here the calendar with the new deadlines. “the Supersociedades has been forced to modify again the deadlines for … Read more
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