Those indicated in Article 203 of the Code of Commerce and commercial companies that meet the requirements of paragraph 2 of Article 13 of Law 43 of 1990, must have a statutory auditor. In this editorial we mention the amounts of assets or income that generate such obligation. Commercial companies will have to verify again … Read more
Micro-companies, unlike SMEs and large companies, must prepare abbreviated financial statements and are therefore obliged to submit fewer reports. Here we tell you how the mandatory set of financial statements for micro-companies is composed. Micro-companies in Colombia are classified in convergence group 3 and for this reason are not obliged to apply the International Financial … Read more
As of August 11, 2020, the deadlines for filing income tax returns corresponding to the taxable year 2019 by individuals and unliquidated successions in Colombia begin. But who is obliged to file this return? All individuals and illiquid successions that meet any of the following conditions must file income tax returns for the taxable year … Read more
In Colombia, the tax auditors are required to be those indicated in article 203 of the Code of Commerce and the commercial companies that reach the ceilings of assets and income mentioned in paragraph 2 of article 13 of Law 43 of 1990. See more details below. Commercial companies will have to verify the value … Read more
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