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Legal Bulletin

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DIAN REVENUE RULING

DIAN issues revenue ruling with regards to the event that gives rise to wealth tax liability

The Tax Authority upheld that the date for determining the tax liability is the 1st of January, 2015.

DIAN REVENUE RULING

Revenue ruling clarifying the difference between “equity value” and “net equity value”

Taxpayers are allowed to subtract from the basis of the wealth tax, the “net equity value” of some assets.

DIAN REVENUE RULING

Revenue ruling regarding the event that gives rise to wealth tax liability, and the conditions for electing to file the voluntary disclosure tax

The Tax Authority upheld that the date that has to be taken into account for determining if a taxpayer is liable to pay the wealth tax is the 1st of January, 2015.

DIAN REVENUE RULING

DIAN issues revenue ruling regarding the application of the benefit of “termination by mutual consent” to customs, foreign exchange and tax audit processes

Revenue Ruling No. 49553 of the 24th of June, 2015.

DIAN REVENUE RULING

DIAN issues a revenue ruling regarding the prohibition of association among industrial users of free trade zones

Revenue Ruling No. 12005 of the 16th of April, 2015.

STATUTORY UPDATE

Act 1735 of June 9, 2015, issues the National Development Plan for the years 2014-2018

Among many other topics, this Law regulates the contribution for independent workers to the social security.

RULING OF THE SUPREME COURT ADMINISTRATIVE MATTERS

Ruling of the Supreme Court on Administrative Matters regarding the export of services

The High Court referred to the place where the services are deemed performed for VAT purposes, when the recipient of the service is a foreign entity.

DIAN REVENUE RULING

Withholding tax applicable to the payments to non-residents

Revenue Ruling No. 016385 of the 9th of June, 2015.

DIAN REVENUE RULING

Revenue Ruling on the subject of presumptive income of permanent establishments

The Tax Authority declared that permanent establishments (PE’s) are obliged to calculate presumptive income when filing their income tax returns.

DIAN REVENUE RULING

Limitation to the deductibility of expenses incurred abroad

Revenue Ruling No. 018129 of the 18th of July, 2015.

DIAN REVENUE RULING

Branches of foreign companies are subject to the transfer pricing regime even if they don’t generate income
Revenue Ruling of April 21, 2015.

CALENDAR

Filing due dates for the 2014 income tax return for individuals (natural persons)