X

REPEAL OF THE TAX PROCEDURE LAW

logo

REPEAL OF THE TAX PROCEDURE LAW

Tax procedure

The repeal of the liability of financial entities for failing to comply with seizures, the possibility to disregard the tax appeal and challenge the Official Assessment before a judge and the extemporary notification as a cause of nullity of an Official Assessment are the main repeals proposed by the Government

 

With the purpose of simplifying and specifying the procedures before the Directorate of National Taxes and Customs -DIAN, the Government proposed the following derogatory in matters of tax procedure:

  • Repeal of the obligation to register in the national registry of sellers.
  • Repeal of the obligation of keeping the fiscal book of daily operations.
  • Repeal of the sanction for not showing the certification of the inscription in the Single Tax Registry in a visible place to the public.
  • Repeal of the extension of the term to modify a tax return, in which the tax payer offsets fiscal losses.
  • The possibility to disregard the tax appeal and challenge the Official Assessment before a judge.
  • The extemporary notification as a cause of nullity of an Official Assessment.
  • The repeal of the liability of financial entities for failing to comply with seizure