The Constitutional Court stated that the right to social security must be exercised gradually under conditions that ensure that there is no direct or indirect discrimination between men and women. The Constitutional Court says that it is unconstitutional for women to reserve 1,300 weeks to receive a pension. This pronouncement of the court appeared after … Read more
Only 12 beneficiaries have complied with all the requirements to become single taxpayers. At the beginning of the year, the Government was considering a figure of 500,000 small business owners who could benefit. The regulations could have worked against them, but the Dian thinks that this will change. The monotributo, a government strategy to formalize … Read more
For 2018, companies that have gross assets as of December 31, 2017 that are equal to or greater than $3,688,585,000 (5,000 smmlv) and/or have gross revenues as of December 31, 2017 that are equal to or greater than $2,213,151,000 (3,000 smmlv), must have a statutory auditor. Article 203 of the Code of Commerce generally establishes … Read more
The due dates for the payment of income and supplementary tax, as well as its surtax and respective advance payment were included in articles 1.6.1.1.13.2.11 and 1.6.1.1.13.2.12 of Decree 1625 of 2016, which were modified by article 1 of Tax Calendar Decree 1951 of 2017. Decree 1951 of 2017 established the national tax calendar by … Read more
During 2018, the same criteria that applied in 2017 to belong to the simplified VAT regime will continue to apply, since there were no new tax reforms, special regulations, or rulings of the Constitutional Court that altered such criteria. Individuals who during 2018 intend to continue exercising activities taxed with VAT, as well as those … Read more
ISA 805 includes the special considerations that an auditor or statutory auditor should take into account when auditing a single financial statement, specific item, account or line item in relation to accepting, planning and performing the engagement and expressing an opinion. ISA 805 Special Considerations – Audits of a single financial statement or specific financial … Read more
On this occasion we highlight what associations, corporations and foundations that as of December 2016 belonged to such regime and those that until taxable year 2016 were non-taxpayers of income tax and ended up becoming taxpayers of this tax must take into account. The aspects related to the special tax regime -RTE- were among those … Read more
Analysts affirm that the measure is a step to reduce cash in the economy, it would facilitate commercial transactions among the different economic agents, and the Banco de la República would assume the cost of production of the new denominations of coins and banknotes. The project to eliminate the three zeros from banknotes in Colombia … Read more
With the publication, by the Dian, of a draft resolution, several adjustments are announced to Resolution 000068 of 2016, with which the information for the taxable year 2017 was requested, and thus adapt it to the changes introduced with Law 1819 of December 2016. The Dian published on March 5, 2018 a draft resolution, announcing … Read more
Resolution 000068 of 2016, through which the request for exogenous tax information for the taxable year 2017 was made, has been modified four times, the last one, to extend the deadlines for reporting: some formats may be delivered until June 29, 2018. Resolution 000068, by which the reporting of exogenous tax information for the taxable … Read more
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