The Dian presented a draft resolution with which the maximum date of issuance of the electronic invoice by group 1 would be modified. The Dian would extend the starting calendar for the implementation of electronic invoicing of sales for this year for group 1 of numeral 2 included in Resolution 000020 of March 26, 2019. … Read more
Last September 26, 2019 and until next October 9 are the due dates for the payment of the second installment of the wealth tax. This was created with the Financing Law and applies to individuals who as of January 1, 2019 had a net worth of more than $5,000 million, with a rate of 1% … Read more
Individuals who for the taxable year 2018 are obliged to file the income tax return and supplementary return must report in this return the net worth value of the different assets and liabilities under their charge, whether they are held in the country or abroad. The expression “net worth value” refers to the amount for … Read more
Resolution 000064 of October 1, 2019 again modified the calendars for the start of the issuance of electronic invoicing contained in Resolution 000020 of the same year, which had been extended with Resolutions 000030 and 000058 of September 2019. On October 1, 2019, the Dian issued its Resolution 000064 to extend again for the third … Read more
Individuals who carry out VAT taxed operations and remain in the ordinary regime will be exempted from invoicing, if they meet the requirements to operate as not responsible for VAT. If they are transferred to SIMPLE they will be obliged to invoice electronically. Individuals when carrying out VAT taxable operations in Colombia, will have to … Read more
As the increase in the CPI for the period 2018 to 2019 has been defined, the value of the UVT for 2020 can already be estimated. In addition, according to Law 1955 of 2019, as from January 1 of next year, penalties and fines currently expressed in minimum wages must be restated in UVT. The … Read more
A company issuing an invoice without the requirements requested by the Dian may face fines equivalent to 1% of the value of the invoiced operations, without exceeding a maximum of 950 UVT; approximately 32 million pesos. With the publication of Decree 2242 of 2015, several myths and truths have been generated related to the implementation … Read more
Article 49 of Law 1955 of May 25, 2019 (PND for the 2018 to 2022 term) provided that as of January 1, 2020 all fines, fees, tariffs, penalties and stamps that are currently expressed in terms of current legal monthly minimum wages -smmlv- (case, for example, of traffic fines, penalties of the Criminal Code and … Read more
The president, Iván Duque, announced a series of measures included in the tax reform which was filed by the executive. Among them are: three days without VAT per year, VAT refund to the most vulnerable, reduction of health contributions for pensioners and work incentives for young people. Before the media, Duque said: “One of the … Read more
Through Bulletin 46, the Ministry of Finance announced the filing of the report for the first debate of the tax reform bill “Economic Growth Law”. This text includes specific measures that, according to the Government, would help both the middle class and the most vulnerable. “The Ministry of Finance announced the filing of the report … Read more
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