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Local Non-Profit Organizations
There are 8 main duties:
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Local and foreign Non-profit organizations must file the Income Tax Returns of 2020, considering the following deadlines:
1.1 Legal entities/corporations and other taxpayers
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.
Check here for filing deadlines of wealth and “Normalization” Tax return.
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.
Check here deadlines for Transfer pricing Informative Statement and Proof of transfer pricing.
Individuals and companies or entities subject to Value Added Tax VAT must file the VAT returns bimonthly or triannual, depending on the annual income received by December 31, 2020.
Check deadlines for Value Added Tax Returns:
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 or users.
Such information must be reported in 2021 by the following dates:
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.
