Find out the main details related to the registration, update and cancellation of the RUT. Remember that this document allows you to know, among other aspects, the novelties stipulated by the Dian regarding the RUT in 2021. Pensioners who file income tax returns will have to update the RUT The reason why pensioners who file … Read more
For many, the exemptions available to companies should be reviewed and redesigned. They also add that the Government is thinking of solutions that imply less effort, and one of them is the VAT on the family basket. It is expected that in the first semester the tax reform will be debated. Fiscal and social reform; … Read more
According to Resolution 000042 of 2020, those subjects indicated in article 6 of the mentioned resolution will be obliged to issue electronic sales invoices. Those who are obliged and omit this responsibility will be exposed to certain penalties contemplated in the Tax Statute. If a person obliged to invoice electronically does not issue the respective … Read more
Rules must be established to determine whether or not other taxes on digital services will be assessed. New exemptions must be tested to stimulate demand and it is stated that the tax on digital platforms is in default of implementation. Digital platforms pay two taxes in Colombia: VAT and reteica. The fact that our country … Read more
With Resolution 000013 of February 11, 2021, the Dian issued the regulation of the electronic payroll support document. The authorization process in the electronic platform of the Dian will begin on May 31, 2021. The document must be issued as from July 1, 2021. After on December 17, 2020 the Dian published on its web … Read more
Removing some income benefits and having more people declare and contribute to this tax could be another alternative to increase tax collection. According to a Dian report, 18.5% of the fiscal cost of these exemptions comes from income, which represented $17.1 trillion in 2019. This barely represents 1.6 % of GDP and 65 % corresponds … Read more
This month some of the tax obligations related to VAT and the special tax regime are due. It is of vital importance to take into account the dates on which each of the following obligations take place, in order to avoid incurring penalties. During March 2021 some of the deadlines for tax obligations related to … Read more
The national government intends to support the recovery and cash flow of micro and small companies. The Ministry of Finance, through a draft decree, announced that it seeks to postpone the income tax payment deadline, for the taxable year 2020, for micro and small companies in the commerce, industry and tourism sector. The purpose of … Read more
It is necessary to raise the property tax rate in order to increase revenue collection by territorial entities. It is appropriate to tax income generated in Colombia by digital platforms. A tax on sugary and sweetened beverages and ultra-processed foods is a necessary measure. The national government has begun to uncover its cards on the … Read more
The President issued orders for the non-inclusion of basic foodstuffs such as meat, chicken, eggs and milk. He emphasized his responsibility to move forward with the reform. In an interview with El Tiempo, President Iván Duque stated that the tax reform will not impose VAT on products of the family basket. He also said that … Read more
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