For the remainder of 2020, it is important that taxpayers of the different national taxes are attentive to the deadlines of their pending tax obligations. Otherwise, they may be exposed to tax penalties. Each year, the National Government issues a decree through which it establishes the deadlines in which taxpayers of the different national taxes … Read more
The income tax return is a legal and mandatory procedure, which applies to all persons who generate income or have assets in Colombian territory, regardless of whether they are residents, non-residents or foreigners. In the following article we will know everything related to the income tax return for foreign residents in Colombia. Income tax return … Read more
Paef will grant a 50% contribution on the payroll of women workers in the companies that apply. The application deadlines and the application form are still pending. Through Law 2060 of October 22, 2020, the National Government extended the validity of the Formal Employment Support Program -Paef- until March 2021. Who does it apply to? … Read more
Those who have filed their 2019 tax return liquidating a balance in favor, and have complied with the requirements for it to become final within the 6 months following its filing, may only process the request for refund of the balance in favor before the end of the finality period. The income tax returns for … Read more
Dian published for comments draft resolution that develops the registration of the electronic sales invoice as a value title. Comments will be received until November 29. The focus of the initiative is the electronic sales invoice, as well as compliance with the enabling, generation, validation, delivery and records of this invoicing modality. For the issuance … Read more
The adoption of the measures implemented by the Government during the pandemic had a strong effect on tax collection and the fiscal balance. The fiscal expenditure allocated to address the pandemic amounts to 2.7% of GDP, so a tax reform is required to increase by 2% of GDP. The Private Competitiveness Council -CPC- presented on … Read more
Netflix, Amazon, Mercado Libre, Apple, Linio, Dafiti, among others, are platforms that in the midst of the pandemic have positioned themselves more thanks to the increase in their use. This has translated into large monetary income for each and every one of them. Digital platforms in our country pay two taxes: VAT and reteica. The … Read more
Law 2060 of 2020 extended the term of the Formal Employment Support Program (Programa de Apoyo al Empleo Formal -Paef- until March 2021. Given the above, it is important to be clear about the grounds implemented by the Pension and Parafiscal Management Unit -UGPP- to deny access to Paef. By means of Decree 639 of … Read more
Service providers from abroad that render services to persons or companies located in Colombia are considered liable for VAT as long as the services are taxed with such tax. These service providers are not obliged to issue an invoice. In the following video, our speaker Diego Guevara Madrid, prominent tax expert and leader of tax … Read more
Devaluation is the decrease in the value of the national currency with respect to some foreign currencies. In this publication you will learn about the devaluation of the Colombian peso during the year 2020. In the technical language of macroeconomics it is reiterative to speak of two terms: devaluation and revaluation; such concepts refer to … Read more
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