The income statement It is an annual procedure that some people, whether natural or legal, must do before the State. This payment is made taking into account the earnings, salaries, commissions and other income generated during the previous year. In this case, from 2022.
Through a statement, the Directorate of National Taxes and Customs (Dian) released the tax calendar for this 2023. In the case of natural persons, from August 9 to October 19, 2023, you may your income statement, according to the last two digits of the NIT.
Legal persons, companies and similar entities, and taxpayers of the Special Tax Regime, other than those classified as Large Taxpayers, must pay the Income Tax for the taxable year 2022 in two equal installments: the first term is April 10. to May 8, 2023 -taking into account the last two digits of the NIT- and the second is from July 7 to 21, 2023, taking into account the last digit of the NIT.
(Also read: Income statement: everything you need to know to present it).
The income statement is the information that is submitted to the Dian to calculate the amount of income tax to be paid.
For their part, natural, legal or similar persons, taxpayers of the Special Tax Regime and other entities classified by the Dian as Large Taxpayers for the year 2023, must declare income and pay the value of the tax in three installments, taking into account the last digit of the NIT: the first from February 7 to 20, 2023, the second from April 10 to 21, 2023 and the third from June 7 to 22, 2023.
Who should declare income this 2023? We tell you the limits
Decree 2487 of 2022, which regulates tax matters, establishes that all taxpayers subject to said tax are obliged to declare income for the taxable year 2022, with the exception of those listed below:
salaried
Employees who will not be responsible for Value Added Tax (VAT) and we obtained income that comes from, at least, 80 percent of payments originated in a labor or legal and regulatory relationship. In this sense, salaried people must comply with the following issues:
(Keep reading: Property and vehicle tax in Bogotá: the 2023 payment calendar).
1. That the gross patrimony on the last day of the taxable year 2022 does not exceed four thousand five hundred UVT. That is, 171,018,000 million pesos.
2. That the gross income is less than one thousand four hundred 1,400 UVT. That is, 53,206,000 million pesos.
3. That the consumptions by credit card do not exceed one thousand four hundred 1,400 UVT. That is, 53,206,000 million pesos.
4. That the total value of purchases and consumption does not exceed one thousand four hundred 1,400 UVT. That is, 53,206,000 million pesos.
5. That the total accumulated value of bank consignments, deposits or financial investments, does not exceed one thousand four hundred 1,400 UVT. That is, 53,206,000.
Every year, the Dian establishes some limits in the income statement.
These same limits apply to natural persons and illiquid successions that are not responsible for sales tax (VAT) and that, in addition, are residents of the country.
In the case of foreign natural or legal persons, without residence or domicile in the country, they should not declare income when all of their income is subject to withholding at source as stipulated in articles 407 to 409 of the Tax Code. In addition to the above, when this retention has been practiced.
The decree also states that those natural or legal persons who belong to the simple tax regime are exempt from declaring income, a mechanism that seeks, mainly, the formalization of those people who carry out productive activities outside the formal economy.
«Income and complementary tax, payable by taxpayers not required to declare, is the one that results from adding the withholdings at source for all concepts that must be applied to payments or account credits, as the case may be, made to the taxpayer during the respective year or taxable period”, explains the public document.
What happens if you don’t pay your tax return on time?
To find out if you must present income for the taxable year 2022, you can also contact the Dian declaration directly to deal with your particular case. The tax hotline in Bogotá is 601 307 8064.
If you do not make your income statement on the stipulated dates, according to the type of person, you will have to pay a late penalty, which corresponds to 5 percent of the tax. The amount increases for each month or fraction of a month that passes between the due date and the date of the declaration.
(Of interest: How to make the income statement?).
The 2023 tax calendar will begin on August 9 for natural persons.
The minimum sanction for this 2023 for unfulfilled obligations is 424,000 Colombian pesos, so you must be aware of the tax calendar shared by the entity, to avoid fines.
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