With Resolution 000013 of February 11, 2021, the Dian issued the regulation of the electronic payroll support document. The authorization process in the electronic platform of the Dian will begin on May 31, 2021. The document must be issued as from July 1, 2021. After on December 17, 2020 the Dian published on its web … Read more
Removing some income benefits and having more people declare and contribute to this tax could be another alternative to increase tax collection. According to a Dian report, 18.5% of the fiscal cost of these exemptions comes from income, which represented $17.1 trillion in 2019. This barely represents 1.6 % of GDP and 65 % corresponds … Read more
This month some of the tax obligations related to VAT and the special tax regime are due. It is of vital importance to take into account the dates on which each of the following obligations take place, in order to avoid incurring penalties. During March 2021 some of the deadlines for tax obligations related to … Read more
The national government intends to support the recovery and cash flow of micro and small companies. The Ministry of Finance, through a draft decree, announced that it seeks to postpone the income tax payment deadline, for the taxable year 2020, for micro and small companies in the commerce, industry and tourism sector. The purpose of … Read more
It is necessary to raise the property tax rate in order to increase revenue collection by territorial entities. It is appropriate to tax income generated in Colombia by digital platforms. A tax on sugary and sweetened beverages and ultra-processed foods is a necessary measure. The national government has begun to uncover its cards on the … Read more
The President issued orders for the non-inclusion of basic foodstuffs such as meat, chicken, eggs and milk. He emphasized his responsibility to move forward with the reform. In an interview with El Tiempo, President Iván Duque stated that the tax reform will not impose VAT on products of the family basket. He also said that … Read more
Some of the recommendations of the analysts who participated in the Commission of Experts on Tax Benefits have already been made public. Although it is expected that the recommendations of the Commission of Experts on Tax Benefits will be known by the middle of the week, the articles of the new tax reform bill will … Read more
At the request of the congressmen, the Ministry of Finance made this decision. It seeks to raise 25 billion pesos. The Ministry of Finance informed that at the request of the congressmen, the tax reform, which will be presented under the name of Sustainable Solidarity Law, will be filed in the Congress of the Republic … Read more
The number of taxpayers will increase, as well as the ceiling to pay income; it would be from 2.5 million pesos per month. No additional food will be taxed with VAT in addition to those already taxed. Elimination of exempt income, deductions, tax discounts and preferential rates as of 2023. On March 24, 2021, the … Read more
The Government has said that this refund corrects an injustice such as charging the same rate to the highest income households and the most vulnerable. The director of the National Planning Department -DNP-, Luis Alberto Rodríguez, highlighted the progress made by the Government in terms of VAT refund and assured that, as of April, two … Read more
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