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
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
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
In the income tax returns for the taxable year 2018 of resident individuals, only tax losses within the capital and non-labor income categories may be offset. However, such compensation will be subject to special calculations, depending on the year in which the loss was formed. “in the preparation of the 2018 taxable year income tax … Read more
One of the most awaited seasons by accounting professionals is approaching, since as of August 11, 2020, the deadlines for filing the income tax return of individuals for the 2019 period begin. In compliance with the tax obligation that corresponds to natural persons in relation to income tax, they must resort to the schedular model … Read more
For the taxable year 2019, individuals and unliquidated successions, with the exception of those indicated in article 1.6.1.1.13.2.7. of Decree 2345 of December 23, 2019, as well as assets destined for special purposes by virtue of donations and modal allocations, whose donees or assignees do not personally usufruct them, and non-resident individuals who obtain income … 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
Law 1943 of 2018, Court rulings issued during 2019, multiple decrees issued between 2018 and 2020, as well as several resolutions issued by the Dian are among the rules to be taken into account for this delicate process. In the preparation and filing of the income tax return or simple regime for the taxable year … Read more
According to the Government, by 2023, those with a net income of $1,694,000 per month would pay income. Anif’s proposal would make those who have the capacity to do so pay more and those who do not pay less. By broadening the base, the Government expects to go from 3.5 million taxpayers to close to … Read more
Article 1.6.1.1.13.2.7 of DUT 1625 of 2016 indicates the requirements that determine when a natural person or illiquid succession is exempted from filing the income and supplementary tax return. Those who file voluntarily must take into account some aspects related to the return. As we have addressed in previous editorials, Article 1.6.1.1.13.2.7 of Decree 1625 … Read more
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