Through Decree 608 of April 8, 2019, the Ministry of Finance established the deadlines to make the declaration and payment of the wealth tax and the complementary tax normalization tax, created through Articles 35 and 42 of the Financing Law 1943 of 2018. As we have already mentioned in previous editorials, the Government, based on … Read more
About 7,000 taxpayers will have to start paying the wealth tax as from May 9, according to the schedule established by the Dian. The tax is effective for Colombians who have a net worth of more than 5,000 million pesos with a rate of 1%, as approved in the Financing Law. It is worth remembering … Read more
Article 295-2 of the ET, modified with Article 37 of Law 1943 of 2018, mentions the values of the assets that may be subtracted in the calculation of the taxable base of the wealth tax from 2019 to 2021. However, shares or quotas in domestic companies may not be subtracted. Articles 35 to 41 of … Read more
Last September 26, 2019 and until next October 9 are the due dates for the payment of the second installment of the wealth tax. This was created with the Financing Law and applies to individuals who as of January 1, 2019 had a net worth of more than $5,000 million, with a rate of 1% … Read more
Decree 401 of 2020 established the deadlines in which the payment of the wealth tax corresponding to 2020 must be made. The foregoing, in accordance with the provisions of Article 292-2 of the Tax Statute, as amended by Article 43 of Law 2010 of 2019. As from the amendments made to article 292-2 of the … Read more
Individuals and legal entities that paid the 2020 wealth tax are also liable for the tax in 2021. The base will be the taxable liquid patrimony they own on January 1, 2021, but limited by a special comparison with respect to the 2020 base. Articles 43 to 49 of Law 2010 of December 2019 modified … Read more
Through the answer to question 3.1 of its Unified Concept 912 of July 19, 2018, which was later modified with Concept 915 of July 23, 2018, the Dian interprets the rule of Article 592 of the ET and indicates that natural persons who according to Articles 9 and 10 of the ET qualify as non-tax … Read more
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