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
The Dian formalized the postponement of the deadlines for the filing of the exogenous information for the taxable year 2017; the new deadlines will go from May 22 to June 20. In addition, it will not be signed when putting the files in the inbox but at the end of the filing. On Thursday, May … Read more
When the taxpayer does not file his return within the deadlines stipulated by the Government, it is advisable to do so before the Dian issues the summons for not filing, otherwise the penalty will be doubled; the tax reform introduced the possibility of reducing certain penalties. Let us answer the following question: When a person … Read more
What is the schedular system for individuals? The schedular system is a mechanism through which a taxable base and an income tax rate is determined for individuals, depending on the type of income received, applying to each of them a special mechanism of income purification and a different rate. In general, it is a matter … Read more
The director of the Dian, José Andrés Romero, catalogued the results of the monotributo as a failure, since out of the 500,000 possible beneficiaries, only 12 beneficiaries have complied with the requirements. “The monotributo did not work. We are going to remove it and create a simple regime that serves small and medium-sized companies in … 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
The 87 articles of the Finance Bill filed on October 31, 2018 would end up affecting 164 rules of the ET and 19 additional rules. In several of the proposals raised therein, important deficiencies can be detected that must be corrected by Congress during its processing. Complying with the eternal custom of the most recent … Read more
Article 7 of the financing bill intends to add numeral 4 to Article 437-2 of the ET to revive the withholding of VAT assumed to the simplified regime. In addition, it would repeal Article 485-1 of the ET, to prevent the withholding agent from taking the assumed withholding as deductible VAT. Among the multiple changes … Read more
The DIAN announced the increase in the Tax Value Unit (UVT), which establishes the basis for taxpayers to calculate their taxes. Through Resolution 56 of November 22, 2018, the National Tax and Customs Directorate (DIAN) revealed that the UVT for 2019 will be $34,270. That means that the increase will be 3.36% with respect to … Read more
Resolution 000002 of January 3, 2019 establishes that, for now, those obliged to invoice electronically will be only those who were large taxpayers on February 6, 2018, as well as those who during the last 6 years used the electronic invoicing of Decree 1929 of May 2007. The Dian, in order to comply with the … Read more
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