The deadlines to declare and pay the non-public revenue tax for taxable yr 2023 start in August – 2024-06-27 19:44:07

2024-06-27 19:44:07

The revenue and complementary tax declaration of people for the taxable yr 2023, whose due dates now begin in August, the taxable revenue and charge will probably be larger for sure filers; however for others with some optimistic facets, particularly for work revenue.

HUILA DAILY, TAX CONSULTATION

By: José Hilario Araque Cárdenas, tax advisor and guide.

Juan Diego Araque Durán, lawyer specializing in tax regulation.

The revenue and complementary tax declaration of pure individuals residing within the nation taxable yr 2023, whose due dates are for the months of August to October of this yr 2024 relying on the final two digits of the NIT, we should additionally attend to the modifications introduced by Legislation 2277 of 2022 (first tax reform of the present authorities), as occurred with authorized entities within the months of April and Might of this yr who submitted their revenue tax returns for the yr 2023.

1. INCOME TAX FOR INDIVIDUALS, TAXABLE YEAR 2023.

The revenue tax of pure individuals residing within the nation is set by a schedular revenue system as in earlier years, relying on the idea of revenue obtained. For instance, for work revenue (salaries and charges) the Normal Certificates have to be crammed out, however this identical doc additionally declares capital revenue comparable to monetary revenue and leases, and the opposite revenue that the taxpayer has obtained within the taxable yr and They’re known as “non-labor revenue” (commerce, livestock, agriculture, and many others.). The opposite playing cards are known as “Pension Playing cards” the place all revenue from retirement, previous age, incapacity pensions and the Dividends and Participations card are declared for pure individuals with investments in shares or shares of social curiosity in joint-stock firms. and restricted firms.

• CALENDAR IN THIS YEAR 2024

NIT digits	I promote	Digits	I promote
01 al 02	August 12	51 al 52	September 18
03 al 04	August 13	53 al 54	September nineteenth
05 al 06	August 14	55 al 56	September 20
07 al 08	August fifteenth	57 al 58	September 23
09 al 10	August sixteenth	59 al 60	twenty fourth September
11 al 12	twentieth of August	61 al 62	September twenty fifth
13 al 14	August 21	63 al 64	September 26
15 al 16	August twenty second	65 al 66	September twenty seventh
17 al 18	August twenty third	67 al 68	October 1st
19 al 20	26 of August	69 al 70	October 2nd
21 al 22	August twenty seventh	71 al 72	October 3
23 al 24	August 28	73 al 74	4th of October
25 al 26	August 29	75 al 76	October 7
27 al 28	September 2nd	77 al 78	October eighth
29 al 30	September 3	79 al 80	October ninth
31 al 32	4th of September	81 al 82	October tenth
33 al 24	September 5	83 al 84	October eleventh
35 al 36	September sixth	85 al 86	October fifteenth
37 al 38	September 9	87 al 88	October sixteenth
39 al 40	September, tenth	89 al 90	October the seventeenth
41 al 42	11 of September	91 al 92	October 18
43 al 44	September 12	93 al 94	October 21
45 al 46	September thirteenth	95 al 96	October 22
47 al 48	16 of September	97 al 98	October 23
49 al 50	September, seventeenth	99 al 00	October twenty fourth

3. NOT OBLIGED TO SUBMIT THE INCOME TAX RETURN FOR TAXABLE YEAR 2023

1. Taxpayers who’re pure individuals and unsettled estates who usually are not answerable for gross sales tax and who within the respective taxable yr or interval meet the entire following circumstances:
2. That the gross property on the finish of the yr or taxable interval don’t exceed 4,500 UVT ($190,854,000).
3. That the whole revenue for the respective yr is lower than 1,400 UVT ($59,376,800).
4. That consumption by bank card doesn’t exceed 1,400 UVT within the yr.
5. That the whole worth of purchases and consumption within the yr doesn’t exceed 1,400 UVT.
6. That the whole amassed worth of financial institution deposits, deposits or monetary investments doesn’t exceed $1,400 UVT.
7. If you’re a salaried worker, at the very least 80% of your complete revenue comes from the employment relationship.

• FOREIGN NATURAL OR LEGAL PERSONS NOT OBLIGED TO DECLARE INCOME TAX

Overseas pure or authorized individuals, with out residence or domicile within the nation, when all of their revenue has been topic to the withholding at supply referred to in articles 407 to 409 of the Tax Code and stated withholding at supply has been utilized to them.

• NATURAL PERSONS WHO BELONG TO THE SIMPLE TAXATION REGIME ARE NOT REQUIRED TO DECLARE INCOME TAX (Quantity 4 of Article 1.6.1.13.2.7. of DUT 1625 of 2016)

• TAXABLE NET INCOME OF THE GENERAL CERTIFICATE:
• Summation: Revenue for all ideas declared, apart from dividends and occasional income.
• Sizzle: Revenue that doesn’t represent revenue or occasional revenue. These permitted by regulation.
• The result’s: Whole web taxable revenue.
• We subtract: The prices and bills incurred.
• The result’s: Liquid revenue
• We subtract: The tax advantages which can be:
  • Exempt revenue: These expressly permitted by regulation.
  • Particular deductions: These allowed by regulation.
• The result’s: The taxable web revenue of the final schedule.

“Have you learnt in case you are required to file an revenue tax return for the 2023 tax yr?”

• THE FOLLOWING ASPECTS ARE VERY IMPORTANT IN THE GENERAL INFORMATION FOR THIS TAXABLE YEAR 2023.
• The cedular system is barely relevant to pure individuals resident within the nation. Non-residents who’re required to file achieve this below the abnormal system.
• Within the basic ID card it’s allowed to subtract “tax advantages” that are exempt revenue and particular deductions.
• Some exempt incomes are the next:

• These of articles 126-1 and 126-4: Voluntary contributions to voluntary pension funds and personal pension insurance coverage, and sums allotted to AFC financial savings accounts and Contractual Voluntary Financial savings accounts on the FNA.
• Compensation involving maternity safety.
• Retirement pensions.
• Severance pay and severance pay curiosity.
• The illustration bills of professors and rectors of public universities, which can not exceed 50% of the wage.
• The exempt revenue of 25% of labor revenue referred to in paragraph 10 of article 206 of the ET is calculated within the method supplied therein and was lowered to solely 790 UVT per yr.
• If the declarant is a rector or professor of a public college, 50% of his wage is exempt revenue and isn’t topic to the 40% restrict.
• Different revenue exempt from work in artwork. 206 of the ET

• The particular deductions are:
  • Cost of curiosity on housing loans, or monetary prices in housing leasing. The restrict is 1,200 UVT per yr.
  • Cost of curiosity on Icetex academic loans for the taxpayer’s larger training. The restrict is 100 UVT per yr.
  • Cost of 4 per thousand. Solely 50% deductible.
  • Cost of complementary well being plans. Restrict is 192 UVT per yr
  • Particular deduction for dependents: 10% of employment revenue, not exceeding 384 per yr.
  • The employee might deduct, along with the restrict established within the earlier level, 72 UVT per yr per dependent as much as a most of 4 (4) dependents.
  • Pure individuals who declare revenue from this basic schedule and who purchase items and/or providers might request as a deduction 1% of the worth of the acquisitions with out exceeding 240 UVT within the respective taxable yr, supplied that the acquisition is supported by an digital bill issued by a celebration required to bill electronically and that fee has been made by financial institution switch.

• PENALTY FOR FILING YOUR INCOME TAX RETURN LATE.

• When you file your revenue tax return after the deadline, you’ll have to settle and pay a late fee penalty. This penalty is equal to five% of the tax payable and will increase with every month or fraction of a calendar month of delay with out exceeding 100% of the tax payable.
• If the Dian manages to inform you of a summons to declare, the penalty is doubled (10%), with out exceeding 200% of the tax payable.
• The minimal penalty that have to be settled and paid on this yr 2024 for unfulfilled or poorly settled obligations is $471,000 (The equal of 10 UVT).

The opinions are the duty of the companions of Araque Asociados Tax and Authorized Consultants. We base our opinions on the understanding of present rules and information of tax regulation, and might not be shared by the tax authorities. Contact us at www.araqueasociados.com Questions and recommendations on the following e-mail: [email protected]. Customized consideration: Carrera 5 No. 14-32 workplaces 5, 7 and eight Pasaje de la Quinta de Neiva, Huila, telephones 321 452 3315

You possibly can learn: Captured for having a stolen cellphone in his possession