Companies in the agriculture, livestock, hunting, transportation and storage sectors, among others, should pay attention. The registration deadline for manufacturing industries, which will have to invoice electronically by October 1, 2019, will end on June 1. From June 1, 2019, thousands of Colombian companies will have to compulsorily adopt electronic invoicing, according to the calendar … Read more
Regarding the assumption of the reporting of exogenous information as a formal tax obligation, the Dian has the power to impose penalties for not sending the same up to three years after the expiration of the deadline for its submission, in accordance with the provisions of article 638 of the ET. Next we will provide … Read more
Article 295-2 of the ET, modified with Article 37 of Law 1943 of 2018, mentions the values of the assets that may be subtracted in the calculation of the taxable base of the wealth tax from 2019 to 2021. However, shares or quotas in domestic companies may not be subtracted. Articles 35 to 41 of … Read more
In the first quarter of 2019, the Gross Domestic Product -GDP- grew 2.8% compared to the same period of 2018. Wholesale and retail trade was one of the activities that drove the growth. The economic activities that contributed most to this dynamic are: wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and … Read more
By means of a draft decree, the Ministry of Finance seeks to regulate the tax incentives for “orange economy” companies, in order to establish the rules for business reorganizations by companies that opt to access the benefit of exempt income. The Financing Law 1943 of 2018, through its Article 79, amended Article 235-2 of the … Read more
The new regime is optional, but the Dian may include taxpayers who have not complied with their tax obligations with districts, municipalities and the Nation. Those who opt for this will have, among other benefits, the integration of up to 6 taxes in a single annual return. On May 20, 2019, the Dian and the … Read more
José Andrés Romero, director of the Dian states that the simple taxation regime paves the way for a paperless route that will boost formalization, easing the tax burden on entrepreneurs, and strengthening the country’s economic development. In simple terms we explain. On May 20, 2019, the Dian and the Bogota Chamber of Commerce held the … Read more
The rule regulates articles 42 to 49 of Law 1943 of 2018, currently sued before the Constitutional Court, which allow making a new normalization and/or tax reorganization with the assets and/or liabilities of the taxpayers of the ordinary regime before September 25, 2019. Last May 20, 2019, the Ministry of Finance issued its Decree 874, … Read more
Decree 957 of June 5, 2019 establishes new criteria to classify micro and small companies, which affect the process of requesting authorization for invoicing numbering and the use of the free electronic invoicing software offered by the Dian. After having announced it through several draft decrees published since late 2016, the Ministry of Commerce, Industry … Read more
The regulations include new means of payment such as credit cards and other credits. Technical and procedural aspects to be taken into account by the collecting entities are regulated. With the purpose of facilitating the payment of national taxes, the Dian modified by means of Resolution 36 of May 31, 2019, the technical specification of … Read more
Share your requirement with us