Monotributo: How did it perform this year?

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 small traders, such as store owners or hairdressers, was one of the most innovative proposals proposed and approved in the tax reform.

“so far only 12 beneficiaries have complied with all the requirements to become single taxpayers”.

The Government’s expectation was around a figure of 500,000 possible beneficiaries. However, according to Dian statistics, a total of 58 contributors were registered (24 for the ARL monotax and 34 for the Beps monotax), of which only 12 beneficiaries have so far complied with all the requirements to become a monotax holder, as stated in El Tiempo, Alexandra Hernández, National Network Management Manager at Colpensiones. For her, the low acceptance is due to the novelty, which caused time to be spent in the implementation of the regulation, without any space left for its promotion and dissemination.

It should be recalled that the last regulation on the subject was issued in June, and that it indicated that the deadline for registration (which expired in May) was extended until August. “There was definitely not much time to disseminate it,” says Hernandez to this media outlet.

On the other hand, for the director of the Dian, Santiago Rojas, with time the owners of small businesses should join the monotributo because the benefits are very good.

Problems with the regulations?

Recently in its Oficio 017806 of July 06, 2017 the Dian touched the subject of the monotributo to give clarity on this novelty introduced in the tax reform. In this regard, and as stipulated in article 905 of the ET added by article 165 of Law 1819 of 2016, in order to be eligible for the monotribute -says the Dian- the taxpayer must, among other requirements, develop one or more of the activities of division 47 Retail trade and activity 9602 Hairdressing and other treatments. However, in Official Letter 017806 the entity clarifies that it is the taxpayer’s responsibility to classify its economic activity when registering in the RUT.

According to articles 911 and 912 of the ET, the taxpayers of the single tax will be subject to retefuente, but not on the payments or credits on account made through electronic means of payment. However, according to the above-mentioned official letter, a law on withholding tax rates for non-taxpayers and a regulatory decree on the rates applicable to taxpayers would have to be issued. However, since such regulations have not yet been issued, the general withholding at source rates continue to apply to single taxpayers.

Likewise, it is indicated that issues related to the connection to the single tax regime, forms of dissociation, amount of income, change in the taxation regime, among others, would be regulated through a decree. However, it should be noted that on May 8, 2017, the Ministry of Finance issued Decree 738, which regulated the monotributo regime.

This is what must be paid by those who join.

The cost of the tax depends on the existing categories. For category A, which is between 1,400 UVT and 2,100 UVT, the person who applies for the single tax must pay $510,000 per year, of which $127,000 is for Beps and the rest for the Dian. For category B, the amount to be paid is $765,000 and for category C it is $1,019,000. In category B, out of 24 UVT that the monotribute costs, 5 correspond to the Beps and 19 to tax, while in category C, out of 32 UVT, 6 are for the Beps and 26 for tax.

Source: Actualícese