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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

Rent 2020: the choice between costs and expenses or 25 percent exempt income

In accordance with Article 336 of the ET, self-employed workers must choose between subtracting in their income tax return costs and expenses or 25% of exempt income. In no case both benefits may be taken together in the income tax return for the taxable year 2020. According to the new version of article 336 of … Read more