1. In December 2022, the annual variation of the CPI was 13.12%, in other words, 7.50 percentage points higher than that reported in the same period of FY2021, when it was 5.62%, which constitutes the highest variation since 1998 with (16.7%).
On January 5th, the DANE published the results of the annual variation of the Consumer Price Index, where it is observed that the most significant contributions to the yearly variation were registered in the divisions of Food and non-alcoholic beverages, Lodging, water, electricity, gas and other fuels, Restaurants and hotels, Transport and Furniture, items for the home and for ordinary household maintenance, which together contributed 11.20 percentage points to the accumulated annual variation. This indicator concluded that in real terms, the minimum wage readjustment was 2.88%. (16% increase minus 13.12% CPI).
See:https://www.dane.gov.co/index.php/estadisticas-por-tema/precios-y-costos/indice-de-precios-al-consumidor-ipc/ipc-informacion-tecnica
2. Deadlines for the annual registration of self-assessments of minimum standards and improvement plans of the occupational health and safety management system - SG-SST.
The Ministry of Labor issued circular No.0082 of 2022 through which it establishes the conditions for the annual registration of the self-assessment of the Minimum Standards and improvement plans of the occupational health and safety management system -SG-SST as indicated in Article 28, resolution 0312 of 2019, which annuls circulars 071 of 2020 and 072 of 2021; and defines the term from January 2nd to the last business day of February 2023.
See: https://jadelrio.com/Colombia/Flash24/2.CircularNo.0082.pdf
3. Through External Circular 100-000013 of December 2022, the Superintendence of Companies requests the financial information of legal persons that comply and do not comply with the going concern hypothesis, as well as merchants and non-merchants (Subjects intervened).
This circular includes aspects to be taken into account for the evaluation of the going concern assumption; the reports must be presented, the additional documents and the dates of presentation of the reports that correspond to 65 or 74 no later than the last business day of May for annual information cut-off to December 31st, and the previous business day of August for semi-annual information cut-off to June 30th, and for reports 63 or 69 within the month following the possession of the Controller.
These Circular repeals section 23 of Circular 100-000014 of August 13th, 2021.
See: https://jadelrio.com/Colombia/Flash24/3.Circular100-000013_22dic2022.pdf
4. Alternative accounting treatment of the FY2022 deferred income tax to mitigate the effects of the rate change.
Decree 2617 of FY2022 establishes an alternative for recognizing and presenting the deferred tax. In other words, the value of the deferred tax derived from the change in the income tax rate and the difference in the income tax rate irregular income for the taxable FY2022 may be recognized within the entity's equity in the accumulated results of previous years. Likewise, it mentions that those who opt for this alternative must disclose it in the notes to the financial statements indicating its effect on the financial information.
See: https://jadelrio.com/Colombia/Flash24/4.DECRETO-2617_29DIC2022.pdf
If you require more information regarding this topic, contact us. We will be pleased to assist you: contacto@jadelrio.com
