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Wealth tax: The due date for its payment has begun.

About 7,000 taxpayers will have to start paying the wealth tax as from May 9, according to the schedule established by the Dian.

The tax is effective for Colombians who have a net worth of more than 5,000 million pesos with a rate of 1%, as approved in the Financing Law.

It is worth remembering that the wealth tax will have to be paid in 2019, 2020 and 2021. The patrimony of individuals residing in Colombia includes both assets owned in the country and those owned abroad.

The wealth tax return and the payment of the second installment must be filed as from September 26, 2019.

Source: Actualize

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