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Special regime entities: deduction of expenses for any type of national or territorial taxation

Entities under the special regime may deduct expenses for any type of national or territorial tax, in accordance with article 1.2.1.1.5.1.21 of DUT 1625 of 2016, after being modified with Decree 2150 of 2017 and ratified by the answer to question 4.47 of Unified Concept 481 of 2018. Non-profit foundations, corporations and associations, as well … Read more

Accounts receivable: How is the accounting management for bankrupt entities?

The accounting treatment of accounts receivable incorporates different principles, including impairment indicators. These give indications that an item should be impaired or not. Among the indicators is that it is probable that the debtor will go bankrupt. We will now answer the following question: What accounting treatment should be applied to the accounts receivable of … Read more