( Spanish) — The income statement is the information that is submitted to the DIAN to calculate what must be paid in annual taxes in Colombia, based on the financial situation of each person. However, not all natural persons are required to do so.
For the calculation, earnings, salaries, assets and other income obtained in 2022 are taken into account.
Do I have to declare income?
Every year, the DIAN (National Tax and Customs Directorate) establishes certain economic ceilings that indicate whether or not a natural person must declare income. These are calculated in UVT (Tax Value Unit). According to him decree 2487 of 2022 from the Ministry of Finance, the UVT value for this year’s declarations is $38,004 Colombian pesos. These are the figures that determine whether a person must pay rent:
- His gross equity on the last day of the year exceeds 4,500 UVT, that is, $171,018,000 Colombian pesos.
- Their gross income is greater than 1,400 UVT, that is, $53,205,600 Colombian pesos.
- Your credit card purchases exceed 1,400 UVT, that is, $53,205,600 Colombian pesos.
- Your purchases and consumption exceed 1,400 UVT, that is, $53,205,600 Colombian pesos
- The total accumulated value of their consignments is above 1,400 UVT, that is, $53,205,600 Colombian pesos.
However, declaring income does not always mean having to pay: there are income deductions found in articles 484 and 486 of the Tax Statute.
If I live abroad, should I also declare taxes in Colombia?
According to the DIAN, If a Colombian residing abroad has spent more than 183 days, continuous or interrupted, in Colombia during the year to be declared and their income exceeds the tax limits, then they must declare income.
When to pay the income statement?
The deadlines for the declaration and payment of income tax for natural persons are between August 9 and October 19 of 2023, according to the last two digits of the NIT.
Natural persons residing abroad who must declare this year must also make the electronic payment on these dates.
