• Service: Tax, Global Indirect Tax, International Tax
  • Type: Regulatory update
  • Date: 2/14/2014

Colombia - New criteria for determining “large taxpayers” 

February 14:  Colombia’s tax administration issued guidance establishing new criteria for determining who qualifies as a “large taxpayer” (gran contribuyente).

Being identified as a “large taxpayer” may affect specific arrangements for paying taxes, and may affect both income tax and value added tax (VAT) liabilities. For instance, installments of income tax generally are required to be paid in April and June; however, “large taxpayers” (grandes contribuyentes) may be required to pay their taxes in five bimonthly installments, beginning in February of each year.

Resolution No. 000027 (23 January 2014) sets forth the rules for who qualifies as a large taxpayer—rules that generally are based on certain minimum threshold amounts concerning:

  • Fixed assets, net assets, and gross income declared for income tax purposes
  • Annual withholding tax amounts and tax amounts from taxable transactions

Read a February 2014 report (Spanish) [PDF 65 KB] prepared by the KPMG member firm in Colombia: DIAN establece las condiciones y procedimiento para ser calificado como Gran Contribuyente

The KPMG report also addresses procedures for taxpayers that no longer qualify as large taxpayers under the new criteria.

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