Individuals and Companies
There are 7 main duties:
Companies and individuals must file the Income Tax Returns of 2020 as the taxable year, considering the following deadlines:
2.1 For fiscal year 2020 and 2021, the following individuals and companies will file wealth tax return, at a rate of 1% for each year:
2.1.1 Colombian tax residents individuals and unliquidated successions, considering their worldwide wealth.
2.1.2 Non-Colombian residents’ individuals, considering their wealth located in Colombia, owned directly or through a permanent establishment.
2.1.3 Non-Colombian residents unliquidated successions, considering their wealth located in Colombia.
2.1.4 Foreign companies and entities that (a) are not income taxpayer and (b) own wealth located in Colombia such as real estate properties, yachts, boats, artworks, planes or oil or mining rights, different than shares, receivables and/or portfolio investments.
Income taxpayers must file the annual return of assets owned located abroad.
Check deadlines for Annual return of assets owned located abroad:
Income taxpayers, that perform business activities with related parties located abroad and within custom zones, are subject to transfer pricing regime and must file the informative statement and the proof or transfer pricing.
https://circulares.lloredacamacho.com/wp-content/uploads/2021/02/Attachment-TT10-circulares-2021-4836-4999-3177-v.-1.pdfCheck here deadlines for Transfer pricing Informative Statement and Proof of transfer pricing.
Withholding agents of VAT and income tax, and designated self-withholders of Income Tax are required to submit and pay returns every month during 2021.
Taxpayers must provide DIAN (Colombian Tax Authority) with information about operations/transactions sustained with costumers.
Such information must be reported in 2021 by the following dates: