Articles 815 and 850 of the ET indicate the conditions under which a credit balance is compensable or may be requested as a refund. However, these do not include the possibility that balances generated in excess of deductible VAT over the VAT generated, and which were caused at the same rate, may be requested as … Read more
Individuals who for the taxable year 2018 are obliged to file the income tax return and supplementary return must report in this return the net worth value of the different assets and liabilities under their charge, whether they are held in the country or abroad. The expression “net worth value” refers to the amount for … Read more
In the midst of the economic slowdown generated by COVID-19, it was established that applicants that are not qualified as high risk will be refunded in only 15 days. The Dian continues without prescribing the forms 210 and the one corresponding to the annual SIMPLE return. On April 10, 2020, the National Government, under the … Read more
Those who have filed their 2019 tax return liquidating a balance in favor, and have complied with the requirements for it to become final within the 6 months following its filing, may only process the request for refund of the balance in favor before the end of the finality period. The income tax returns for … Read more
Article 850 of the ET establishes that taxpayers or responsible parties who liquidate balances in favor in their tax returns may request a refund. In this editorial we analyze the aspects to be taken into account in the case of VAT taxpayers. According to paragraph 1 of Article 850 of the Tax Statute -ET- and … Read more
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