Requirements to Declare Income: how it is determined, Dates and MORE

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Through this article you will be able to obtain information about the Requirements to Declare Income in Colombia, among other data of interest to take into account to carry out the pertinent procedure.

What are the Requirements to Declare Income?

The Requirements to Declare Income in Colombia they are aimed at:

  1. Natural people.
  2. Employees.
  3. Independent

For Employees

Within the Requirements to Declare Income that the employees must present, are the following:

  1. The total assets of the person does not exceed 4,500 UVT (Unit of Tax Value), which is equal to: 4,500 x $ 29,753 = $ 133,888,500.
  2. Absolute income is less than 1,400 UVT, which is equal to: 1,400 x 29,753 = $ 41,654,200, which is equivalent to $ 3,742.00 of monthly income.
  3. Have made consumption by credit card, no more than 2,800 UVT $ 83,308,000.
  4. The total amount of consumptions must not exceed 2,800 UVT $ 83,308,000.
  5. The absolute value accumulated by financial investments, bank consignments or deposits, do not exceed 4,500 UVT $ 133,889,000.

For independents

The following are the Requirements to Declare Income, with which independent persons must comply:

  • The total assets of the person do not exceed 4,500 UVT (Unit of Tax Value), which is equal to: 4,500 x $ 29,753 = $ 133,888,500.
  • Absolute income is less than 1,400 UVT, which is equal to: 1,400 x 29,753 = $ 41,654,200, which is equivalent to $ 3,742.00 of monthly income.
  • Have made consumption by credit card, no more than 2,800 UVT $ 83,308,000.
  • The total amount of consumptions must not exceed 2,800 UVT $ 83,308,000.
  • The absolute value accumulated by financial investments, bank consignments or deposits, do not exceed 4,500 UVT $ 133,889,000.

How is the rent determined?

At Tax Statute (article 26), it is stipulated how to calculate the Rent. Which dictates the following:

The income is calculated by adding the ordinary income plus the extraordinary, made during the entire fiscal year.

This income at the time of being received should cause an increase in net worth, removing returns, deductions and discounts.

The costs incurred that are applicable to them are subtracted from the net income, thus obtaining the gross income.

From that gross income, the discounts made are subtracted, and from there you have the liquid income. Minus the legally exempt items.

To that liquid income, the tariffs established by law are imputed, since it belongs to the taxable income.

Who declares income?

As established by the Ministry of Finance and Public Credit, in the Decree 2442 declares that the income tax for the fiscal year in 2018 includes all taxpayers.

There are some terms that, when fulfilled, require showing the Income and Complementary Declaration, which are the following:


  1. Responsible for taxes on the VAT, sales, the Common Regime and / or the National Consumption Tax at the end of the 2018 financial year.
  2. Have a total equity greater than $ 149,202.00, equivalent to 4,500 UVT as of December 31, 2018.
  3. Achieve absolute income greater than or equal to $ 46,418,000, equivalent to 1,400 UVT, in 2018.
  4. Have made payments through credit card greater than $ 46,418,000 1,400 UVT, in 2018.
  5. If you made purchases and operations greater than $ 46,418,000 1,400 UVT, in 2018.
  6. Have made financial investments, bank consignments or deposits, for an absolute amount greater than $ 46,418,000 1,400 UVT during the year 2018.

What are the Natural Persons who do not declare?

Natural persons who are not obliged to Declare Income, during the economic period 2019 are the following:

Employees, Natural Persons and Liquid Successions

  • The total equity on the last day of the fiscal year 2019 is not greater than 4,500 UVT, is equivalent to $ 154,215,000.
  • Total income is less than 1,400 UVT, equivalent to $ 47,978,000.
  • Credit card operations are greater than 1,400 UVT, equivalent to $ 47,978,000, those made within the national territory and those made abroad.

These requirements include natural persons and liquid estates that are not responsible for the VAT, who live in Colombia with respect to the year 2019.

At Article 33 of the Tax Statute, it is established that the income from the employment relationship does not include old-age, retirement, death and disability pensions.

Natural Persons or Foreign Legal Persons

  • People who do not live in Colombia and their total income would have been subject to the withholding stipulated in articles 407 to 411 of the Tax Statute.

The Legal or Natural Persons that correspond to the Simple Taxation Regime

  • This results from the sum of the withholdings, for the concepts that are applied to the payments into account, that are made to the taxpayer in the economic period.
  • Natural persons who live in the country, who are not obliged to show a declaration.

Deadlines to declare

According to the verification of the Decree 1625 of 2018, the dates were established to present the declaration and payment of the Income tax.

When it comes to large taxpayers, the time to show the tax return has a due date between the April 10 and 24, 2020.

This is subject to the last issue of the NIT (Tax Identification Number), of the taxpayer that appears in the RUT (Single Tax Registry).

Filers must pay the full amount of the fee and the advance distributed in three installments, the dates are as follows:

Payment of the First Installment

  • Last number is zero (0), date February 7, 2020.
  • The last digit is nine (9), dated February 8, 2020.
  • Last number is eight (8), deadline February 11, 2020.
  • The last digit is seven (7), deadline February 12, 2020.
  • Last number is six (6), deadline February 13, 2020.
  • The last digit is five (5), deadline February 14, 2020.
  • Last number is four (4), deadline February 15, 2020.
  • The last digit is three (3), deadline February 16, 2020.
  • Last number is two (2), dated February 19, 2020.
  • The last digit is one (1), deadline February 20, 2020.

Payment of the Second Installment

  • Last number is zero (0), deadline April 10, 2020.
  • The last digit is nine (9), deadline April 13, 2020.
  • Last digit is eight (8), deadline April 14, 2020.
  • The last number is seven (7), deadline April 15, 2020.
  • Last number is six (6), deadline April 16, 2020.
  • Last digit is five (5), deadline seventeen April 17, 2020.
  • Last number is four (4), deadline April 20, 2020.
  • The last digit is three (3), deadline April 21, 2020.
  • Last number is two (2), deadline April 22, 2020.
  • The last digit is one (1), deadline April 23, 2020.

Payment of the Third Installment

  • Last number is zero (0), deadline June 12, 2020.
  • The last digit is nine (9), deadline June 15, 2020.
  • Last digit is eight (8), deadline 16 of June 2020.
  • The last number is seven (7), deadline June 17, 2020.
  • Last number is six (6), deadline June 18, 2020.
  • The last digit is five (5), deadline June 19, 2020.
  • Last number is four (4), deadline June 22, 2020.
  • Last digit is three (3), deadline June 23, 2020.
  • Last number is two (2), deadline June 24, 2020.
  • The last digit is one (1), deadline June 25, 2020.

Payment and declaration of Income tax For natural persons, it must be submitted by the cedular method, in the form provided by the DIAN.

The time to present the Requirements to declare income and pay in a single part, it has several expiration dates which are indicated below:

  • When the last two numbers are 99 and 00, deadline August 6, 2020.
  • Last two digits are 97 and 98, deadline August 7, 2020.
  • When the last two numbers are 95 and 96, deadline August 10, 2020.
  • If the last two digits are 93 and 94, the deadline is August 11, 2020.
  • When the last two numbers are 91 and 92, deadline August 12, 2020.
  • Last two digits are 89 and 90, deadline is August 13, 2020.
  • When the last two numbers are 87 and 88, deadline August 14, 2020.
  • If the last two digits are 85 and 86, due date August 17, 2020.
  • When the last two numbers are 83 and 84, deadline August 18, 2020.
  • Last two digits are 81 and 82, the deadline is August 19, 2020.
  • When the last two numbers are 79 and 80, deadline August 20, 2020.
  • If the last two digits are 77 and 78, deadline August 21, 2020.
  • When the last two numbers are 75 and 76, deadline August 24, 2020.
  • If the last two digits are 73 and 74, due date August 25, 2020.
  • When the last two numbers are 71 and 72, deadline August 26, 2020.
  • If the last two digits are 69 and 70, the deadline is August 27, 2020.
  • When the last two numbers are 67 and 68, deadline August 28, 2020.
  • If the last two digits are 65 and 66, deadline August 31, 2020.
  • When the last two numbers are 63 and 64, deadline September 1, 2020.
  • If the last two digits are 61 and 62, deadline September 2, 2020.
  • When the last two numbers are 59 and 60, deadline September 3, 2020.
  • If the last two digits are 57 and 58, deadline September 4, 2020.
  • When the last two numbers are 55 and 56, deadline September 7, 2020.
  • If the last two digits are 53 and 54, deadline September 8, 2020.
  • When the last two numbers are 51 and 52, deadline September 9, 2020.
  • If the last two digits are 49 and 50, deadline September 10, 2020.
  • When the last two numbers are 47 and 48, deadline September 11, 2020.
  • If the last two digits are 45 and 46, deadline September 14, 2020.
  • When the last two numbers are 43 and 42, deadline September 15, 2020.
  • Last two digits are 41 and 42, the deadline is 16 September 16, 2020.
  • When the last two numbers are 39 and 40, deadline September 17, 2020.
  • If the last two digits are 37 and 38, deadline September 18, 2020.
  • When the last two numbers are 35 and 36, deadline September 21, 2020.
  • If the last two digits are 33 and 34, deadline September 22, 2020.
  • When the last two numbers are 31 and 32, deadline September 23, 2020.
  • If the last two digits are 29 and 30, deadline September 24, 2020.
  • When the last two numbers are 27 and 28, deadline September 25, 2020.
  • If the last two digits are 25 and 26, deadline September 28, 2020.
  • When the last two numbers are 23 and 24, deadline September 29, 2020.
  • If the last two digits are 21 and 22, deadline September 30, 2020.
  • When the last two numbers are 19 and 20, deadline October 1, 2020.
  • If the last two digits are 17 and 18, deadline October 2, 2020.
  • When the last two numbers are 15 and 16, deadline October 5, 2020.
  • If the last two digits are 13 and 14, deadline October 6, 2020.
  • When the last two numbers are 11 and 12, deadline October 7, 2020.
  • If the last two digits are 09 and 10, deadline October 8, 2020.
  • When the last two numbers are 07 and 08, deadline October 9, 2020.
  • If the last two digits are 05 and 06, deadline October 12, 2020.
  • When the last two numbers are 03 and 04, deadline October 13, 2020.
  • If the last two digits are 01 and 02, deadline October 14, 2020.

Every year taxpayers must declare income in Colombia.

We hope we have helped you with the Requirements to Declare Income Y Who Declare Income, since it is important to handle the correct information, and thus carry out the procedure efficiently.

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