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Tax Reform: its draft has been socialized

The Government seeks to collect some 15 trillion pesos from the expected revenue, which would be taxes on companies, austerity in spending, anti-evasion plan and sale of assets. On July 20, 2021, the National Government will submit the tax reform bill to the Congress of the Republic. However, as published by Portafolio newspaper, today, Tuesday, … Read more

Electronic payroll: August 1, 2021, is the deadline for its implementation

According to the electronic payroll implementation schedule, August 1, 2021 is the deadline for enabling the computer service. The enabling service has been available on the Dian platform since July 7, 2021. “On August 1st of the current year begins the deadline for those obliged to implement the electronic payroll to perform the authorization in … Read more

VAT credit balances and refunds

Article 850 of the ET establishes that taxpayers or responsible parties who liquidate balances in favor in their tax returns may request a refund. In this editorial we analyze the aspects to be taken into account in the case of VAT taxpayers. According to paragraph 1 of Article 850 of the Tax Statute -ET- and … Read more

Request for correction by third parties in exogenous items

The exogenous information is a report of great importance for the Dian’s control purposes. It records the commercial operations carried out by a natural or legal person during a given period. The entity or natural person that has made errors when reporting its exogenous information is the one who must make the respective adjustments. Therefore, … Read more

Tax Reform: the bill was filed for first debate

New articles are aimed at strengthening the proposal previously filed. It is expected that the Congress of the Republic will call for the first debate in the next few days. The Minister of Finance, José Manuel Restrepo, informed that the Social Investment bill was submitted after six sessions of meetings and a special sub-commission, maintaining … Read more