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Colombia Confirms Individual Tax Return Deadline

by Glen Shapiro, Tax-News.com, Washington

24 July 2017


Colombia's tax agency has reminded taxpayers of the upcoming personal income tax declaration deadline.

Personal income tax returns must be submitted by those taxpayers with tax codes ending with 99 and 00 by August 9. This is the final year before a new system that divides income into four categories is introduced, for the 2017 tax year, with filings due in 2018

Returns must be filed by those taxpayers with taxable income exceeding COP41.65m (USD13,800); those that made purchases of houses, land, or vehicles, or other goods worth COP83.3m in the 2016 tax year; those that had bank deposits or financial investments worth at least COP133.88m in the 2016 tax year; or those that were registered for value-added tax. Non-residents must also file returns if they were not subject to tax at source.

TAGS: tax | Colombia | withholding tax | individual income tax

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