The deadlines to declare and pay the first installment of this tax obligation began on May 9, 2018 and will be extended until May 23, 2018. Form 440 was only ready at Muisca on May 4, 2018. Legal entities no longer have to file this return. Article 1.6.1.1.13.2.25 of DUT 1625 of 2016, as amended … Read more
The Dian formalized the postponement of the deadlines for the filing of the exogenous information for the taxable year 2017; the new deadlines will go from May 22 to June 20. In addition, it will not be signed when putting the files in the inbox but at the end of the filing. On Thursday, May … Read more
What is the schedular system for individuals? The schedular system is a mechanism through which a taxable base and an income tax rate is determined for individuals, depending on the type of income received, applying to each of them a special mechanism of income purification and a different rate. In general, it is a matter … Read more
Taxpayers who did not file income tax returns may still do so. These persons must pay a penalty for untimeliness corresponding to 5% of the tax per month or fraction of month and liquidate the corresponding interest. Last October 19 was the deadline for individuals to file income tax returns with the Dian, however, the … Read more
The Ministry of Finance and Public Credit issued the draft tax calendar for 2019, by means of which Decree 1625 of 2016 on tax matters would be amended, in order to substitute and add articles in order to establish the deadlines to declare and pay in the following year. The Ministry of Finance and Public … Read more
The director of the DIAN explained a series of points included in the financing bill presented on October 31. He talks about the gradual reduction of VAT and the VAT refund, as well as the novelties of the income tax for companies and individuals. The National Government presented on October 31, 2018, before the Congress … Read more
Article 7 of the financing bill intends to add numeral 4 to Article 437-2 of the ET to revive the withholding of VAT assumed to the simplified regime. In addition, it would repeal Article 485-1 of the ET, to prevent the withholding agent from taking the assumed withholding as deductible VAT. Among the multiple changes … Read more
This is contemplated in Article 512-15 of the ET. In addition, if the new simple taxation regime proposed in the financing bill is approved, those who adhere to it would have to continue charging the national consumption tax on plastic bags. The rule contained in Article 512-15 of the ET, created with Article 207 of … Read more
The DIAN announced the increase in the Tax Value Unit (UVT), which establishes the basis for taxpayers to calculate their taxes. Through Resolution 56 of November 22, 2018, the National Tax and Customs Directorate (DIAN) revealed that the UVT for 2019 will be $34,270. That means that the increase will be 3.36% with respect to … Read more
Law 1943 of 2018 eliminated the GMF exoneration that operations carried out with credit cards had until the close of 2018, as well as the exoneration of financing companies when they disbursed monies to acquire goods delivered later in leasing contracts. Article 87 of Financing Law 1943 of December 28, 2018 made an important modification … Read more
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