X

Legal Bulletin

logo

RULING OF THE CONSTITUTIONAL COURT

Constitutional Court accepts claim against the possibility of detracting exempt labor income from the IMAN and IMAS income tax systems for individuals, on the merits of its fiscal impact

The Government requested that the effects of Ruling C-492 of 2015 were postponed for one year, given the imminence of a new tax reform

   

Through its Ruling A-184 of 2016 the Constitutional Court accepted a “fiscal impact claim” filed by the Minister of Finance against Ruling C-492 of 2015, which allowed for the possibility of detracting exempt labor income from the IMAN and IMAS income tax systems for individuals, under the terms of Section 206, No. 10, of the Colombian Tax Code (25% of labor income was deemed exempt income).

Once the claim was admitted, in accordance with Section 9 of Law 1695 of 2013, “the effects of the ruling are postponed, until the respective Court decides if it will suspend, modify or defer its effects”.