News

Households in poverty and extreme poverty levels will be identified through Sisbén. A selection will be made by territorial entities, giving priority …

The Dian regulated the tax deadlines set in the Growth Law and included the changes made due to the coronavirus pandemic and …

The Supersociedades extended the deadlines for companies to submit their 2019 financial statements, due to the contingency situation in the country as …

By means of Resolution 011004 of October 29, 2018, the Dian indicated the content and technical characteristics for the presentation of the …

It is appropriate for entities to consider the impact of the pandemic on accounting conclusions and related disclosures. Entities may need to …

Through Decree 419 of March 18, 2020, the Ministry of Finance regulated the criteria for the recognition and payment of compensation in …

Decrees 401 and 435 of 2020 made changes to file and pay taxes. Dian announced that the filing of exogenous information for …

The Ministry of Labor adopted measures to mitigate the economic impact of the sanitary emergency on workers’ income, authorizing the partial withdrawal …

Asset impairment and impairment of the going concern assumption are two of the most adverse consequences of COVID-19 on entities’ financial reporting. …

In the midst of the economic slowdown generated by COVID-19, it was established that applicants that are not qualified as high risk …

If the 2020 income is decreasing, articles 808 to 810 of the ET and Dian Circular 044 of June 2009 contemplate the …

The private sector should develop and implement risk management practices with contingency plans. Risks in all operations and the supply chain should …

The recommendation is that companies define financial administration, cash management and working capital policies; review cash flows related to advance payments, withholdings …

Decree Law 560 of 2020 explains a series of special transitional measures regarding corporate insolvency. The measures will be in force for …

Through Legislative Decree 560 of 2020, the Ministry of Commerce adopted transitory measures regarding the insolvency regime. The aforementioned, with the purpose …

Supersociedades reported a new extension in the deadlines to submit financial statements for 2019: they would start on May 13. IASB explained …

With the declaration of the state of economic emergency, the national government issued a series of legislative decrees to grant tax relief …

The Government could temporarily relax the measures incorporated in the tax legislation in the last reforms. Deductions for cash payments may be …

The Formal Employment Support Program -Paef- was created, which will be in effect for the months of May, June and July 2020. …

In this editorial we will review 7 main impacts of COVID-19 on financial reporting. The review of deferred taxes, the evaluation of …

Decree 401 of 2020 established the deadlines in which the payment of the wealth tax corresponding to 2020 must be made. The …

Companies will have extension to pay income tax; SMEs will be able to pay it in December. Since April 13, 2020, Dian …

For the fourth time, Supersociedades extended the deadlines for companies to report their 2019 financial statements, which will run from May 28 …

Jaime Cabal indicates that 336,000 entrepreneurs, natural persons, were left out of the subsidy. Alberto Carrasquilla acknowledged the error and natural person …

The Ministry of Finance and Public Credit made a series of amendments to Legislative Decree 639 of 2020, which created the Formal …

In Colombia, the proposal would allocate close to 40.5 trillion pesos (4% of GDP) to benefit close to 34.5 million Colombians affected …

The three VAT-free days will take effect on June 19, July 3 and July 19 of this year. Commercial premises that remain …

Between June 1 and July 1, 2020, legal entities and individuals must submit the exogenous information report for the taxable year 2019. …

In order to counteract the negative effects generated by COVID-19 on the economic stability of taxpayers, Legislative Decree 688 of May 22, …

External Circular 100-000010 of May 26, 2020 of the Supersociedades extended for the fifth time the deadlines for filing the 2019 financial …