According to the Government, by 2023, those with a net income of $1,694,000 per month would pay income. Anif’s proposal would make those who have the capacity to do so pay more and those who do not pay less. By broadening the base, the Government expects to go from 3.5 million taxpayers to close to … Read more
With 24 votes in favor in the House of Representatives and 13 in the third commission of the Senate, the bill was defeated. The newspaper La República reported that in a political debate, the joint economic commissions three and four of the Senate and the House of Representatives approved the withdrawal of the sustainable solidarity … Read more
In accordance with Article 336 of the ET, self-employed workers must choose between subtracting in their income tax return costs and expenses or 25% of exempt income. In no case both benefits may be taken together in the income tax return for the taxable year 2020. According to the new version of article 336 of … Read more
A surtax on corporate income and an extension of the wealth tax, both on a temporary basis, are some of the proposals. Establishing for two years the wealth tax for individuals and suspending the ICA discount in the income tax are ideas that the Andi likes. José Manuel Restrepo, Minister of Finance, has said that … Read more
Suspending the ICA discount and postponing the income tax benefit for companies are some of the proposals made by the Andi. The newspaper Portafolio highlights the ideas put forward by the National Association of Businessmen -Andi-, so that the resources needed through a tax reform come from suspending the ICA discount ($5.2 billion) and postponing … Read more
Dian issued Resolution 000037 to modify Resolution 000013 and establish that the authorization as generator of the electronic payroll document will not begin on May 31, but on August 1, 2021. The transmission of such document will no longer begin on July 1, but on September 1, 2021. After having announced it since last April … Read more
Non-resident individuals who obtained gross income in Colombia in 2020 in excess of 1,400 UVT (on which no withholdings were made) are obliged to file a virtual tax return on form 110. In accordance with the provisions of article 592 of the Tax Statute -ET- and article 1.6.1.13.2.7 of DUT 1625 of 2016 (after being … Read more
Natural persons who are obliged to file income tax returns for the taxable year 2020 must do so in 2021 within the deadlines set by article 1.6.1.1.13.2.15 of decree 1625 of 2016. Below we inform the dates listed according to the last two digits of the Nit of the natural person, without considering the verification … Read more
The first question that you must resolve and be very clear about is whether as a natural person you must file your 2021 income tax return. The Dian establishes each tax year some ceilings for the income tax return in Colombia, taking into account factors such as income, goods, purchases, consumptions, consignments and transfers of … Read more
The Tax Network proposes that no salaried employee or pensioner earning less than 6 million pesos per month should pay more in income. It also suggests eliminating all tax benefits, including special rates and ICA discount, which give preferential treatment to some sectors. The Tax Work Network (Universidad Javeriana, Universidad Externado de Colombia, Universidad del … Read more
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