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
The unions are looking for the minimum wage for the following year to reach one million pesos, which would mean an increase of around 15%. Anif recommends that it should be less than 6%: around 2% or 3%. Below, we present the figures that are being handled by the different sectors. Although formal discussions on … 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
On October 22, 2020, Law 2060 was enacted, extending until March 2021 the validity of the Formal Employment Support Program and the Service Premium Payment Support Program. Learn about the most important aspects of the extension of these programs. The National Government, in order to extend the social measures of the Formal Employment Support Program … Read more
Individuals and legal entities that paid the 2020 wealth tax are also liable for the tax in 2021. The base will be the taxable liquid patrimony they own on January 1, 2021, but limited by a special comparison with respect to the 2020 base. Articles 43 to 49 of Law 2010 of December 2019 modified … 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
The consequences of taxing the entire family basket with VAT would be negative for the most needy population. It is necessary to review tax benefits through a proportionality test, eliminate those that do not have a progressive impact and create a new tax on digital services. The Centro de Pensamiento de Política of the Universidad … 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
The Colombian government set the minimum wage increase for 2021 at 3.5%, thus reaching $1,014,980 (SMMLV $908,526 + transportation allowance of $106,454). “New minimum wage for 2021. For the first time in the history of Colombia and fulfilling a campaign promise, it will exceed, including the transportation allowance, one million pesos. In total it will … Read more
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