Netflix, Amazon, Mercado Libre, Apple, Linio, Dafiti, among others, are platforms that in the midst of the pandemic have positioned themselves more thanks to the increase in their use. This has translated into large monetary income for each and every one of them. Digital platforms in our country pay two taxes: VAT and reteica. The … Read more
The consequences of taxing the entire family basket with VAT would be negative for the most needy population. It is necessary to review tax benefits through a proportionality test, eliminate those that do not have a progressive impact and create a new tax on digital services. The Centro de Pensamiento de Política of the Universidad … Read more
By means of Resolution 000111 of December 11, 2020, the Special Administrative Unit of the National Tax and Customs Directorate (DIAN), announced the value of the UVT applicable in 2021, which remained at $36,308. Let us remember that the Tax Statute in its article 868 establishes the Tax Value Unit (UVT) as the measure of … Read more
For Alejandro Chacón, the current VAT rate, which is 19%, should be reduced to 8%. This would not affect tax collection. Representative Alejandro Chacón has made a series of proposals regarding the tax reform. The first one is to replace the VAT with the consumption tax, an idea he had formulated in the debates of … 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
By means of Decree 612 of June 4, 2021, the deadline for legal entities that qualify as micro and small companies to cancel the balance payable of their income tax return for the taxable year 2020 was extended again. The first extension was given with Decree 374 of 2021. On June 4, 2021, the Ministry … Read more
The National Federation of Departments -FND- proposed a tax on sugary and sweetened beverages to rescue the health system and improve the health of Colombians. As an alternative to rescue the country’s hospital system from the financial crisis in which it finds itself and which was aggravated by the COVID-19 pandemic, the National Federation of … Read more
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
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