Tax Information
Learn all the details about: - The value of the UVT that could remain for the year 2022. - The new resolution on exogenous information - Project that seeks to eliminate the 4x1000
Tax and Legal News
Publications of the most relevant regulatory changes, resolutions and judgments during the year in relation to tax, corporate, labor, transfer pricing and intellectual property issues.
DIAN issued the General Concept 415 of 2021.
DIAN issued concept 415 of 2021, in which detailed the application of section 45 of Social investment Law
Parafiscal contribution for tourism
Through Decree 1338 of 2021, the Ministry of Commerce, Industry and Tourism regulates the Parafiscal Contribution for tourism.
Cost and expense deductibility requirements
Find below a guide to the deductibility requirements that costs and expenses must meet, in order to deduct them from the income tax return.
Unconstitutionality of article 193
Unconstitutionality of article 193
Electronic information
Resolutions 98 of October 28, 2020 and 70 of October 28, 2019 establish how to comply with the obligation to present electronic information of persons and entities from abroad.
Registration and update in the RUT
On October 11, DIAN issued Official Ruling 110 of 2021, in which regulated the inscription at RUT, and its actualization through chambers of commerce
Rules for the service provision contract
Will the ruling of the state council also apply to individuals?
Mutual agreement process
The tax reform by means of article 47 determined the termination by mutual agreement of the administrative processes. You also will find the requirements and benefits of this norm.
The scope of article 53 is set
The Ministry of Commerce mentioned that VAT will not be charged on shipments urgent with a value less than USD $ 200, only if the shipment comes from USA.
Agreement 816 of 2021
Bogotá´s Council issued District Agreement 816 of 2021. which introduces modifications in tax matters for the social and economic rescue the operation of the public transport system and other provisions. In tax matters a series of reliefs was established for taxpayers who are in default with their district obligations.
Se aprobó conciliación del Proyecto de Ley
Se aprobó el informe de conciliación del Proyecto de Ley 046/2021 Senado | 027/2021 Cámara, que expide la Ley de Inversión Social.
Interpretation for the term "gross income"
Through Official Letter No. 907764 of August 3rd, 2021, the Colombian Tax Authority indicated the interpretation for the term “gross income” contained in Section 600 of the CTC
Newsletter Tax
On august 10th, began the due dates for filling the income tax returns by individual persons. In the same way, through official Ruling 63 issued in 2021 was modified the date of availability of the functionalities of the electronic invoicing system, as well as modified the implementation calendar of electronic payroll.
Application of connected contracts
Find here all about the theory of associated contracts and the obligations to verify the information before reporting your clients to credit bureaus.
News from the Courts and the legislator
The Simplified Joint Stock Company ("Sociedad por Acciones Simplificadas" or "SAS") has become the most widely used type of company in the country due to its flexibility and legal ease.
Second version of the tax reform bill
On July 20, the National Government filed before the Congress of the Republic the new draft of the Social Investment Law, which seeks to mitigate the fiscal deficit, without affecting the most vulnerable social classes.
New deadlines for electronic information - Cali
Ruling No. 4131.040.0165 of July 8, 2021, the Santiago de Cali´s Tax Authority modifies the terms to present electronic information to the municipality.
Appeal for reconsideration
The Consejo de Estado made some clarifications on the timely presentation of the appeal for reconsideration
Newsletter - Electronic signatures
Legal validity of electronic and digital signatures
UPDATE NEWS No. 19 - CORPORATE AND LABOR
New developments of the High Courts and the legislator in labor and commercial issues.
Newsletter
Tax payment dates are modified for micro and small companies
NEWSLETTER - Official Letter DIAN 457 of 2021
DIAN made some clarifications on the income statement due to change of ownership of foreign investment in the case of the sale of shares.
UPDATE NEWS No 16 - Tax
Decree that regulates the definition of tourist service providers for restaurants.
UPDATE NEWS No 18 - Tax
Learn about the activities for which the government established the 0% advance.
Update news No. 17 - Corporate
Instructions for the normalization of the registry of control situations and business groups
UPDATE NEWS No. 15
We invite you to learn about the regulations for the payment of contributions to the General Pension System, regulated by Decree 376 of 2021.
UPDATE NEWS No. 14
We invite you to review some general indicators to consider in order to determine whether a commercial company is immersed in the dissolution cause according to the business in progress hypothesis.
MAZARS WHITEPAPER
Advice and practical support to help business handling personal data processing
UPDATE NEWS No. 13 – Tax
We invite you to review the latest comments of DIAN regarding Crypto assets and their impact on the different tax obligations.
UPDATE NEWS No. 12 – Tax
Through Resolution 5 of January 22, 2021 the term for updating the RUT was extended, learn about the main changes.
UPDATE NEWS No. 11 – Legal indicators for 2021
We invite you to check out the main indicators for 2021
UPDATE NEWS No.10 - TAX
Law 2026 of 2020, presents new advantages and tax relief for the tourism sector, in our newsletter you can find the most relevant points.
UPDATE NEWS No.9 - TAX CALENDAR 2021
We inform you about the tax filing and payments deadlines established by the Tax Authority for 2021
INCENTIVES OF THE UPME FOR NON-CONVENTIONAL
We invite you to learn about the incentives that the "Unidad de Planeación Minero Energética" - UPME provides for non-conventional energy projects.
UPDATE NEWS No.4 - TAX
The Constitutional Court ruled in September on the access of those not responsible for VAT to the VAT income tax discount paid on the acquisition of real productive fixed assets.
Modifications for the implementation of telework
Last July 18, 2022, the Ministry of Labor issued Decree 1227 of 2022 with which it modified several aspects regarding the implementation of telework in the public and private sector. In this regard, the following are the most relevant changes that private sector companies and public sector entities must take into account when implementing this type of work, in order to guarantee labor rights and avoid penalties.
Capitalization of profits that do not constitute a taxable income or a capital gain
As it is well known, incomes that do not constitute of taxable income or capital gain (INCIOCG) have a restrictive interpretation and its applicability is limited only to those events expressly established by tax law.
Companies supervised by the superintendence of companies
The Superintendence of Corporations has the authority to supervise all those companies that are not supervised by other superintendencies, regarding their formation, operation and the development of their corporate purpose, which must be in accordance with the law and the Company's bylaws.
IBC regulation of self-employed workers: a clear example of legislative negligence
On the occasion of the unenforceability of Article 244 of Law 1955 of 2019, recently the national government, headed by the Ministry of Finance and Public Credit, the Ministry of Labor and the Ministry of Health and Social Protection, issued a unified concept in order to provide clarity about the Contribution Base Income (IBC) of all self-employed workers. Likewise, the Ministry of Health issued Decree 1601 of 2022 regulating the presumption of income system, in accordance with the order of the Council of State in Ruling 3120 of May 5, 2022. Despite the fact that with both documents several concerns regarding the calculation of the IBC of independent workers were clarified, some doubts persist.
Reforma tributaria 2022 - Análisis comparativo
El lunes 8 de agosto de 2022 el Gobierno Nacional entrante radicó ante la Cámara de Representantes el Proyecto de Ley 118, que contiene el proyecto de reforma tributaria 2022.
Es posible que este proyecto sufra cambios en su trámite ante el Congreso de la República. Dentro de la Resolución se destacan los siguientes puntos:
Es posible que este proyecto sufra cambios en su trámite ante el Congreso de la República. Dentro de la Resolución se destacan los siguientes puntos:
Colombian visa regulations and processes were updated with Resolutions 5477 and 5488
Last July 22, 2022, the Ministry of Foreign Affairs issued Resolution 5477 - which dictates provisions on visas that exist to enter and stay in Colombia and repeals Resolution 1980 of March 19, 2014 and Resolution 6045 of August 2, 2017-. Likewise, it issued Resolution 5488 -through which new visa exemptions are established, transit visas are issued, other terms are dictated in migratory matters, and Resolution 10535 of 2018 is repealed.
Deadline for the registration of beneficial owners of legal entities in Panama
The Superintendence of Non-Financial Entities of Panama by Ruling No. S-011-2022 established a deadline of September 30, 2022 for resident agents to register the information of the Beneficial Owners of legal entities in the Private and Unique System of Registration of Beneficial Owners.
Know what you need to do to be excluded from the Simple Regime
The Simple Taxation Regime states that to belong to it, a taxpayer cannot obtain an income greater than 100,000 UVT.
The deadlines for filing formal transfer pricing duties begin during the month of September
The deadlines for the presentation of the formal transfer pricing duties, specifically the informative declaration and the initial local report on September 7 of the current year, according to the last number of the NIT, as follows:
Council of State orders the National Government to regulate the presumption of income system
By Ruling 3120 of May 05, 2022, the Fifth Section of the Council of State ordered the National Government, represented by the President of the Republic and the Ministry of Health and Social Protection for this case, to issue within six months following the notification of said decision the income presumption system referred to in Article 33 of Law 1438 of 2011.