Decree 374 of April 9, 2021 approved that the filing of the tax return shall continue to be made between April 12 and May 7, 2021. However, the payment of the first installment will be due between June 9 and 23, 2021, and the payment of the second installment between November 9 and 23, 2021. … Read more
Using the powers of Article 808 of the Tax Statute, the Government reduced to 0% the value of the advance payment of income tax for the taxable year 2021 for several taxpayers of the ordinary regime affected by the current economic crisis generated by the COVID-19 pandemic. Making use of the powers of Article 808 … Read more
The Andi does not want the VAT to be touched, nor the income tax for individuals. For Fenalco, under the current conditions Colombians are not prepared for a tax reform. Acopi asked the Government to increase the amount of the payroll subsidy. The National Association of Colombian Businessmen -Andi- does not like the idea that … Read more
With the modifications that would be proposed, the Government would already be looking for a collection of between 18 and 20 billion pesos. No to VAT on public services. The Vice Minister of Finance, Juan Alberto Londoño, assured today in La FM that the reform will continue its course in the debates of the Congress … Read more
According to the Government, by 2023, those with a net income of $1,694,000 per month would pay income. Anif’s proposal would make those who have the capacity to do so pay more and those who do not pay less. By broadening the base, the Government expects to go from 3.5 million taxpayers to close to … Read more
With 24 votes in favor in the House of Representatives and 13 in the third commission of the Senate, the bill was defeated. The newspaper La República reported that in a political debate, the joint economic commissions three and four of the Senate and the House of Representatives approved the withdrawal of the sustainable solidarity … Read more
Dian issued Resolution 000037 to modify Resolution 000013 and establish that the authorization as generator of the electronic payroll document will not begin on May 31, but on August 1, 2021. The transmission of such document will no longer begin on July 1, but on September 1, 2021. After having announced it since last April … Read more
Non-resident individuals who obtained gross income in Colombia in 2020 in excess of 1,400 UVT (on which no withholdings were made) are obliged to file a virtual tax return on form 110. In accordance with the provisions of article 592 of the Tax Statute -ET- and article 1.6.1.13.2.7 of DUT 1625 of 2016 (after being … Read more
The first question that you must resolve and be very clear about is whether as a natural person you must file your 2021 income tax return. The Dian establishes each tax year some ceilings for the income tax return in Colombia, taking into account factors such as income, goods, purchases, consumptions, consignments and transfers of … Read more
The Tax Network proposes that no salaried employee or pensioner earning less than 6 million pesos per month should pay more in income. It also suggests eliminating all tax benefits, including special rates and ICA discount, which give preferential treatment to some sectors. The Tax Work Network (Universidad Javeriana, Universidad Externado de Colombia, Universidad del … Read more
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