The Colombian National Tax Authority (DIAN) issued a Press Release regarding the criminal offence introduced by Law 1819 of 2016 in the case of not collecting VAT and consumption tax, on 6 February 2017. In accordance with Press Release, as of 1 January 2017, taxpayers are accountable for charging and collecting VAT or consumption tax who fails to comply with such obligation will be subject to a prison sentence of between 48 to 108 months. Furthermore, DIAN stated that the new criminal offence is one of the anti-evasion measures introduced by the tax reform.
Related Posts
Colombia: National Tax Authority updates reporting requirements for 2025
November 21, 2024
Colombia’s National Tax Authority (DIAN) has updated rules for submitting certain tax information starting with the 2025 tax year. The changes, detailed in Resolution 000188 of 30 October 2024, expand the list of taxpayers required to report
Read More
Colombia: DIAN proposes adjusted tax value unit for 2025
November 21, 2024
The Colombian National Directorate of Taxes and Customs (DIAN) has published a draft resolution proposing to adjust the tax value unit the Tax Value Unit (UVT) for 2025 at COP 49,799. Comments on this draft resolution opened for submission until
Read More
Colombia issues ruling on taxation for non-resident entities with significant economic presence
November 20, 2024
Colombia’s tax authority, DIAN, recently issued Ruling 890 on 17 October 2024, offering guidance on several tax matters for non-residents with a significant economic presence (SEP) in Colombia. Earlier, on 27 November 2023, the Colombian Ministry
Read More Colombia: DIAN mandates certification for third-party debts under thin capitalization rules
November 15, 2024
The Colombian tax authority (DIAN) issued Ruling 803 of 23 September 2024, released on 1 November 2024, which provides guidance on the necessary certification of third-party debts for interest deduction purposes under the thin capitalization
Read More
IMF: Labour Market Participation in Latin America
November 01, 2024
On 25 October 2024 the IMF launched the latest Regional Economic Outlook for the Western Hemisphere. A background paper to the report with the title Closing the Gap: Labor Market Participation in Latin America examined ways to increase labour force
Read More Colombia clarifies Significant Economic Presence rules under corporate income tax regulations
October 17, 2024
The Colombian tax authority (DIAN) has released new guidance on how companies should interpret the concept of Significant Economic Presence (SEP) under the country’s corporate income tax rules. In Ruling 713, issued on 28 August 2024, DIAN
Read More