1. On September 17, the Superintendency of Corporations, [in Spanish: la Superintendencia de Sociedades], published Resolution No. 100-018380, through which the tax payment deadline was extended for corporations that are subject to oversight or monitoring corresponding to the year 2024.

The Superintendency of Corporations, through Resolution No. 100-018380, has made a new period available for the timely payment of the tax. This period has been extended, taking into consideration scheduled maintenance times and that which is necessary for programming the start up of GEDESS (a new document management system). 

The new period for the timely payment of the tax extends until October 03, 2024. 

See: https://jadelrio.com/storage/Boletines/Colombia/Flash54/Resolucion2017.pdf

2. In July 2024, the International Sustainability Standards Board, (ISSB), [in Spanish: el Consejo de Normas Internacionales de Sostenibilidad], published a project for improving the Sustainability Accounting Standards Board, (SASB).  

The project focuses on working with eight SASB Standards in the areas pertaining to the extraction and processing of minerals, as well as for Electrical Standards and Electricity Generation from the infrastructure sector. Similarly, it will include improvements in the three Standards from the food and beverage sector, along with a study of possible amendments to other SASB Standards; in order to maintain consistency when evaluating common issues among industries. 

See: https://jadelrio.com/storage/Boletines/Colombia/Flash%2054/ap6-sasb-enhancements.pdf

3. On June 20, the Technical Council of Public Accounting, [in Spanish: el Consejo Técnico de la Contaduría Pública], (CTCP), through Legal Opinion No. 0267 from 2024, provided information regarding accounting as it relates to the liquidation of assets and liabilities for entities that do not comply with the premise of an existing business.

Consultations submitted.

• Balance accounting entry of the adjustments that arise subsequent to the liquidation process that were not initially recognized with a balancing entry in the liquid net worth.

• Balance accounting entry of the adjustments to the net liquidation value with regard to the balances of the existing assets and liabilities before the liquidation, but were carried out after the commencement date.

See: https://jadelrio.com/storage/Boletines/Colombia/Flash%2054/CONCEPTO%200267.pdf

The content of this newsletter is merely informative, that´s why it cannot be used under any circumstances as advice on the matter described in it. If you need advice on any of the aspects discussed, our team of professionals will be willing to assist you. contacto@jadelrio.com