On 15 January 2019, Directorate of Taxes and National Customs (DIAN) of Colombia published Administrative Regulation 000004 of 2019 to provide the following form for filing a 2019 tax return:
- Informative transfer pricing return (Form 120);
- Annual foreign assets return(Form 160);
- income and withholding taxes certification(Form 220);
- single tax return(Form 250);
- Financial transactions tax (Form 410);
- National carbon tax return(Form 435);and
- Official tax payment receipt(Form 490).
Submission of Form 120 is generally required if the total capital of the taxpayer at the end of the year amounts to at least 100,000 UVT or the total income is at least 61,000 UVT. Form 120 is required regardless of the total capital or income of the taxpayer even if the taxpayer makes tax-free or tax-exempt or preferential treatment with tax-exempt residents. If the taxpayer is not required to submit Form 120 and submit a CbC Notice, that notice will be sent by e-mail to DIAN.
The Excel file is provided on the DIAN website along with the instructions. According to the last digit of the Taxpayer’s Tax ID (NIT), Form 120 (and the CbC notification) is due between 9 July and 22 July 2019, depending on the last digits of the taxpayer’s tax number (NIT).
