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Legal Bulletin

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DIAN REVENUE RULING

Late filing penalty applicable to the Foreign Assets Information Return

The applicable penalty is the one that was in force when the infraction was committed

DIAN REVENUE RULING

VAT applicable for public procurement contracts

The applicable VAT will be the one that was in force at the date of the resolution awarding the contract

DIAN REVENUE RULING

Treatment of exempt income in the merger of companies with similar economic activities

DIAN determined that in some cases the absorbing entity can still apply the exempt income treatment of the absorbed entity

DECREE OF THE MINISTRY OF FINANCE

Definition of the ‘Zones Most Affected by the Armed Conflict’ –“ZOMAC”

New companies which have their main headquarters and carry out their economic activity in ZOMAC’s will receive tax benefits

DIAN REVENUE RULING

Penalty reduction for the late filing of transfer pricing returns

The reduction of the penalty established in Section 640 of the Tax Code applies provided that two conditions are met

DIAN REVENUE RULING

Term for the registry of technological contracts for the tax deduction of outbound payments

Law 1819 of 2016 established a fixed term of six (6) months for the registration of agreements for the importation of technology

DIAN REVENUE RULING

DIAN defines the rules applicable when solving a customs dispute when those rules have been amended during the lapse of the dispute

Substantive norms and procedural rules that apply to those cases are the ones applicable at the time in which the facts took place

DIAN REVENUE RULING

Income or VAT tax withholding in credit card payments to intermediary entities which transfer such payment to the cardholder’s employees

Credit card issuers in operations that generate tax revenues for the beneficiaries of the payments are withholding agents

DIAN REVENUE RULING

Rules for determining the applicable withholding tax base for labor income

Articles that regulate the deduction for the interests’ payment of housing loans were not included in Decree 1625 of 2016