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Legal Bulletin

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DIAN RESOLUTION

‘Large taxpayers’ selected to issue electronic invoices

Persons qualifying as ‘large taxpayers’ shall issue electronic invoices starting from June 1st 2018

DIAN REVENUE RULING

Tax treatment of dividends distributed by entities incorporated in states members of the Andean Community – CAN

DIAN addressed a case in which a Colombian company receives dividends from an entity domiciled in a CAN member state and distributes those dividends, un-taxed, to an entity located in a non-member state

DECREE OF THE MINISTRY OF TRADE

0% customs tariff for capital goods and raw materials not produced in Colombia

This measure was established in order to promote the industry and improve the competitiveness of the productive sector

DIAN REVENUE RULING

A gift to a qualified charitable organization entitles the donor to a tax credit against its income tax

According to the changes introduced by Law 1819 of 2016, donations are non-tax-deductible against income tax, but they give rise to an income tax credit

DIAN REVENUE RULING

In order to claim a dependent deduction for withholding purposes the payment has to be made within a labor relationship

The rule that establishes the dependent deduction expressly mentions that the benefit refers to an employee “within a labor relationship”

DIAN REVENUE RULING

No exemptions apply on the Tax on Financial Transactions – GMF – on grounds of the migratory status or nationality of the taxpayer

Beneficial treatments in tax matters have a restrictive and limited application which shall be expressly specified by relevant regulations

DIAN REVENUE RULING

Applicable withholding tax rates for services fees and consultancy payments

Withholding agents must characterize the payments according to their nature and the condition of the beneficiaries, in order to determine the applicable withholding tax rate