Sanclemente Fernandez Abogados provides tax update for Colombia
The following tax developments are covered in the tax update: July updates:- National Government submits a Tax Reform Bill
- DIAN has clarified how a multi-mandator mandate works
- DIAN has established the elements of continued exchange infringements
- A change has been approved in tax benefits for electric power generation from non-conventional sources
- Changes have been made to regulations concerning customs-related global and specific guarantees
- Statute of Limitations of Fiscal Reconciliation
- DIAN has changed the terms for qualification of the electronic payroll and other documents
- POS Equivalent Document is no longer effective as a cost and expense support document
- A convention has been approved homologating the tax treatment of CDI’s entered between Pacific Alliance member States
- Compulsoriness of registering the electronic invoice expiration date in RADIAN
- Deadlines for filing income tax returns for natural persons