1.Colombia and the Netherlands sign historic Agreement for the Elimination of Double Taxation
2.Dates to benefit from the simple tax regime
3.Project Resolution – Scholarships for taxes
4.Draft Decree – Home-office regulation
1. Colombia and the Netherlands sign historic Agreement for the Elimination of Double Taxation
Last Wednesday, February 16, President Iván Duque met with The Netherlands’ Prime Minister, Mark Rutte, to sign an agreement to avoid double taxation between the two countries.
According to the Colombian president, this treaty will bring a direct foreign investment flow of more than 380 million dollars to Colombia.
Other topics were discussed in the meeting, such as trade, support for migrants, peace with legality, energy transition, and environmental agenda.
More details at https://idm.presidencia.gov.co/prensa/Paginas/Colombia-y-Paises-Bajos-firman-historico-Acuerdo-de-Desmonte-de-Doble-Tribu-220216.aspx
2. Dates to take part in the Simple Taxation Regime
Please remember that the procedure to benefit from the Simple Taxation Regime (RTS) must be done by updating the RUT online with responsibility 47 before February 2022’s last business day.
It was emphasized that from 2022 onwards, the threshold to apply for this regime increased from 80,000 UVT to 100,000 UVT (2022 – Col$3,800,400,000 – US$962,000, approximately). Therefore, Companies with income below said figure may opt for this regime.
Those registering for the first time in the RUT and wishing to join this regime may do so, provided they state their intention to accept this regime in the RUT form.
More details at https://www.larepublica.co/economia/conozca-cuales-son-las-fechas-para-Hace-parte-del-regimen-simple-de-tributacion-3287401
3. Project Resolution – Scholarships for taxes
On February 16, the Ministry of Finance and Public Credit announced the tax scholarship resolution project on its website. This project seeks to regulate article 257-1 of the Tax Statute, in which taxpayers are given the possibility of entering into agreements with the Ministry of Sports to grant scholarships and financial assistance to athletes, and in exchange, they may obtain a tax credit in negotiable titles.
Colombian citizens will be able to leave their comments until March 3, 2022, on the Ministry’s website.
More details at https://www.minhacienda.gov.co/webcenter/portal/SaladePrensa/pages_DetalleNoticia?documentId=WCC_CLUSTER-186467
4. Decree Project – Home-office regulation
Due to the COVID-19 pandemic and the new home-office modality, the Ministry published a Decree Project to regulate home-office on its website.
This regulation contains the guidelines that both the worker and the employer must consider when opting for this modality and is aimed at the private sector and Banco de la República’s workers and public servants.
Comments on this project can be emailed to email@example.com until March 7, 2022.
More details at https://www.mintrabajo.gov.co/documents/20147/0/P.D.+TRABAJO+EN+CASA+VF+Publicacion.pdf/c2cebcd7-acc9-5ac7-d4a1-c10e64cd87cc?t=1645129966973
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