Tax losses formed in the income tax return for the taxable year 2018 of resident individuals will cause it to remain open for 12 years. In addition, if the natural person transfers to SIMPLE during 2019, such losses cannot be used by way of compensation. According to the scheduling system applicable for the taxable year … Read more
Between August 6 and October 17, 2019 are the deadlines for individuals not classified as large taxpayers to file their income tax return; in this regard, we highlight when the 490 receipt must be filed and what are the implications of not stamping form 210. In the preparation of the income tax return for the … Read more
When individuals (residents and non-residents) are required to keep accounting records, at least for tax purposes, and at the same time meet the criteria of Article 596 of the ET, they must file their income tax return for the taxable year 2018 accompanied by the signature of an accountant. The rule contained in the second … Read more
Taxpayers of income tax and complementary tax may opt for facilities for the payment of the same, as well as for the cancellation of interest and penalties that may apply, provided they comply with certain requirements set forth in Article 814 of the ET. In accordance with article 814 of the Tax Statute -ET-, income … Read more
The deduction for dependents applies to individuals who use the earned income tax identification number in their income tax return, having the possibility to deduct monthly up to 10% of their gross income, without exceeding 32 UVT in accordance with article 387 of the ET. Next, we will answer the following question: Can the deduction … Read more
The Dian presented a draft resolution with which the maximum date of issuance of the electronic invoice by group 1 would be modified. The Dian would extend the starting calendar for the implementation of electronic invoicing of sales for this year for group 1 of numeral 2 included in Resolution 000020 of March 26, 2019. … Read more
Last September 26, 2019 and until next October 9 are the due dates for the payment of the second installment of the wealth tax. This was created with the Financing Law and applies to individuals who as of January 1, 2019 had a net worth of more than $5,000 million, with a rate of 1% … Read more
Individuals who for the taxable year 2018 are obliged to file the income tax return and supplementary return must report in this return the net worth value of the different assets and liabilities under their charge, whether they are held in the country or abroad. The expression “net worth value” refers to the amount for … Read more
Resolution 000064 of October 1, 2019 again modified the calendars for the start of the issuance of electronic invoicing contained in Resolution 000020 of the same year, which had been extended with Resolutions 000030 and 000058 of September 2019. On October 1, 2019, the Dian issued its Resolution 000064 to extend again for the third … Read more
Individuals who carry out VAT taxed operations and remain in the ordinary regime will be exempted from invoicing, if they meet the requirements to operate as not responsible for VAT. If they are transferred to SIMPLE they will be obliged to invoice electronically. Individuals when carrying out VAT taxable operations in Colombia, will have to … Read more
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