The Ministry of Finance and Public Credit issued the draft tax calendar for 2019, by means of which Decree 1625 of 2016 on tax matters would be amended, in order to substitute and add articles in order to establish the deadlines to declare and pay in the following year. The Ministry of Finance and Public … Read more
The director of the DIAN explained a series of points included in the financing bill presented on October 31. He talks about the gradual reduction of VAT and the VAT refund, as well as the novelties of the income tax for companies and individuals. The National Government presented on October 31, 2018, before the Congress … Read more
The 87 articles of the Finance Bill filed on October 31, 2018 would end up affecting 164 rules of the ET and 19 additional rules. In several of the proposals raised therein, important deficiencies can be detected that must be corrected by Congress during its processing. Complying with the eternal custom of the most recent … Read more
This is contemplated in Article 512-15 of the ET. In addition, if the new simple taxation regime proposed in the financing bill is approved, those who adhere to it would have to continue charging the national consumption tax on plastic bags. The rule contained in Article 512-15 of the ET, created with Article 207 of … Read more
The Ministry of Labor, through a press release, announced the figures that will govern the minimum wage for 2019. At the negotiation table between the National Government, the economic unions and trade union organizations, an agreement was reached for an increase of 6% for the salary and 10% for the transportation allowance. On December 20, … Read more
The DIAN announced the increase in the Tax Value Unit (UVT), which establishes the basis for taxpayers to calculate their taxes. Through Resolution 56 of November 22, 2018, the National Tax and Customs Directorate (DIAN) revealed that the UVT for 2019 will be $34,270. That means that the increase will be 3.36% with respect to … Read more
Those indicated in Article 203 of the Code of Commerce and commercial companies that meet the requirements of paragraph 2 of Article 13 of Law 43 of 1990 must have a statutory auditor. In this editorial we mention the amounts of assets or income that generate such obligation. Commercial companies will have to verify the … Read more
To calculate the value of the presumptive yields during 2019, a rate of 4.54% must be applied. The figure of presumptive interest is regulated in Article 35 of the Tax Statute and applies when companies lend to their partners or shareholders, or when these make loans to the company or corporation in which they own … Read more
Resolution 000002 of January 3, 2019 establishes that, for now, those obliged to invoice electronically will be only those who were large taxpayers on February 6, 2018, as well as those who during the last 6 years used the electronic invoicing of Decree 1929 of May 2007. The Dian, in order to comply with the … Read more
On December 28, 2018, President Ivan Duque signed Financing Law 1943, which includes, among other things, four new national taxes intended to solve the national budget deficit. In this editorial we address the most important aspects of each of them. According to statements made by the Minister of Finance, Alberto Carrasquilla, the new tax reform … Read more
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