Local Non-Profit Organizations
There are 8 main duties:
Local and foreign Non-profit organizations must file the Income Tax Returns of 2020, considering the following deadlines:
12 Large Taxpayers
2.1 For fiscal year 2020 and 2021, the Non-profit organization will file wealth tax return, at a rate of 1% for each year:
2.2 Foreign 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, are subject to transfer pricing regime and must file the informative statement and the proof or 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.
If you are a Non-Profit Organization -ESAL- or an Entity of the Cooperative Sector -ESCOOP-, you must update your Web Registry to continue in the Special Tax Regime, otherwise you will be a taxpayer of the Ordinary Regime from 2021.
Paragraph 3 of Article 364-5 of the National Tax Code establishes that the update of the web registry must be done within the first three months of every year, however, the National Tax Authority (DIAN) issues specific dates in which the web registry must be updated depending of the last digit of the taxpayers NIT.