2024-05-07 14:14:55
The National Tax and Customs Directorate (Dian) has taken a significant step for the benefit of users of the Nequi and DaviPlata digital platforms by eliminating the 4×1000 tax on significant transactions. This measure, confirmed by the director of the entity, Luis Carlos Reyes, comes into force as of December of this year, in line with the 2022 tax reform.
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The elimination of this tax, contemplated in article 65 of Law 2277, represents a tax relief for those who use these popular digital wallets operated by Grupo Bancolombia and Grupo Davivienda. According to Reyes, this decision is added to a series of modifications designed to exempt a large part of the Colombian population from this tax.
The director of Dian also detailed that people whose financial transactions do not exceed 16.4 million pesos between all their accounts will be exempt from paying this tax, which benefits a large number of Nequi and DaviPlata users. These platforms have stood out for providing facilities such as instant transfers and bill payment without having to go to a bank branch, which has contributed significantly to financial inclusion in Colombia.
According to an analysis by the firm Inmark, at least 14% of banked Colombians use these digital wallets. The legislative change is considered crucial, since the application of the 4×1000 had generated controversy and discontent among users. The exemption from this tax, applicable up to three hundred and fifty (350) UVT per month, will simplify digital financial operations, thus promoting financial inclusion and facilitating citizens’ daily transactions.