By means of Decree 2442 of 2018, the Ministry of Finance established the tax calendar for 2019. The new version of article 1.6.1.1.13.2.15 that this decree introduces in DUT 1625 of 2016 contains the deadlines for filing the income tax return of natural persons. We must remember that Law 1819 of 2016, for the taxable … Read more
With the entry into force of Law 1943 of 2018, the cédulas used in the tax returns of individuals were modified, but such change will only apply for the taxable year 2019. Below, we point out the cédulas to be used in the income tax return for the taxable year 2018. As from the tax … Read more
Individuals and illiquid successions will be obliged to file the income tax return for the taxable year 2018, within the deadlines established by the National Government, as long as they comply with the requirements presented below. As we have already mentioned in previous editorials, for the taxable year 2018 natural persons and illiquid successions must … Read more
In the income tax returns for the taxable year 2018 of resident individuals, only tax losses within the capital and non-labor income categories may be offset. However, such compensation will be subject to special calculations, depending on the year in which the loss was formed. “in the preparation of the 2018 taxable year income tax … Read more
With the entry into force of the National Development Plan 2018 – 2022 contained in Law 1955 of May 25, 2019, some of the rules of the Tax Statute related to the income tax for natural persons were modified, whose changes will be in force as from the taxable year 2019. Next, we will provide … Read more
Tax losses formed in the income tax return for the taxable year 2018 of resident individuals will cause it to remain open for 12 years. In addition, if the natural person transfers to SIMPLE during 2019, such losses cannot be used by way of compensation. According to the scheduling system applicable for the taxable year … Read more
Between August 6 and October 17, 2019 are the deadlines for individuals not classified as large taxpayers to file their income tax return; in this regard, we highlight when the 490 receipt must be filed and what are the implications of not stamping form 210. In the preparation of the income tax return for the … Read more
When individuals (residents and non-residents) are required to keep accounting records, at least for tax purposes, and at the same time meet the criteria of Article 596 of the ET, they must file their income tax return for the taxable year 2018 accompanied by the signature of an accountant. The rule contained in the second … Read more
Taxpayers of income tax and complementary tax may opt for facilities for the payment of the same, as well as for the cancellation of interest and penalties that may apply, provided they comply with certain requirements set forth in Article 814 of the ET. In accordance with article 814 of the Tax Statute -ET-, income … Read more
The deduction for dependents applies to individuals who use the earned income tax identification number in their income tax return, having the possibility to deduct monthly up to 10% of their gross income, without exceeding 32 UVT in accordance with article 387 of the ET. Next, we will answer the following question: Can the deduction … Read more
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