Despite the fact that it is not the time to file the income statement with the Dian, andYou can know if you will be charged or not withholding at source in 2023, which is the mechanism through which the entity collects the tax directly from your salary in advance.
(Read: This is how the tax taxes remain with UVT of 2023).
If it is taken into account that the accumulated variation of the Consumer Price Index (CPI) for average income between October 1, 2021 and October 1, 2022 was 11.60 percent, it can be establish that the Tax Value Unit (UVT) that will govern by 2023 it will go from the current 38,004 pesos to 42,412 pesos, that is, the adjustment will be 4,408 pesos.
With that calculation, you can also know from what iMonthly income for people who declare income andThey would be subject to next year’s withholding tax on their wages.
According to that account, it will be applied from a tax base of 4,029,166 pesos and a monthly salary of 5,903,540, in the case of an employee who does not have additional discounts beyond those of health, pension and ARL. However, if that person has a child, the salary may be higher. It will depend on each case.
How is the calculation done?
The UVT is defined by Dian every year.
According to article 383 of the Tax Statute, withholding at source for labor income is based on a tax base equivalent to or greater than 95 UVTthat is, to 4,029,140 pesos for the year 2023 with the UVT of 42,412 pesos.
(In addition: Tax: dividends, income and other keys of the final text).
To establish the tax base on which withholding is applied to workers, not only the salary as such must be taken into account, but also all payments from the labor or legal relationship and regulations received by the employee.
Once the income amount of 5,903,540 pesos has been established, they must subtract the values corresponding to the obligatory payment to the pension fund (4 percent), health (4 percent) and the Occupational Risk Administrator (ARL).
It is also important to note that workers can deduct some things. For example, payments made for interest on housing loans or those of prepaid medicine that have a cap of up to 16 monthly UVT, which by the year 2022 would be 678,592 pesos. You can also deduct up to 32 UVT for having dependents, that is, 1,357,184 pesos with a UVT of 42,412 pesos for the next year.
Voluntary contributions made by the worker to voluntary pension funds and mandatory are not part of the basis to apply the withholding at source and are exempt income.
(In addition: Tax collection reached $191 billion at the end of October).
Likewise, the amounts that workers deposit in the savings accounts called Savings for the Promotion of Construction (AFC) are not part of the withholding tax base and are considered rSales exempt from income tax and complementary.
It should be noted that the amounts for voluntary contributions to pension funds and AFC accounts that are subtracted from the tax base to apply withholding they cannot exceed 30 percent of labor income.
Once the previous concepts have been subtracted, the 25 percent of exempt income must also be subtracted. But it must be taken into account that all this, that is, the mandatory part of contributions to health, pension and solidarity, plus exempt income and other deductions, it can never exceed 40 percent of your income.
At this point, if after subtracting the deductions, the tax base exceeds 95 UVT, that is, of 4’029.166 for the year 2023 it would begin to apply withholding at the source and the rates will vary according to the range of monthly income subject to withholding.
(Keep reading: Penalties for independent workers who do not pay social security).
Tax collection rises
Taxes.
The collection of the Dian has increased considerably so far this year. As of October 31, the entity has achieved a gross collection of 191.73 billion pesoswhich represents an increase of 35 percent compared to the same period of the previous year, in addition to representing compliance with the goal set of 108.4 percent.
Between January and October, 74.3 percent of the collection was represented by withholding at source as income, with a 33.75 percent stake; followed by the sales tax with 19.94 percent; and customs taxes with 20.61 percent participation.
And only in October, the gross collection that the Dian had was 14.97 billion pesos, which means an increase of 29.4 percent compared to the same period in 2021
During this period, the three taxes with the highest participation were: withholding at the source as income, with 45.99 percent participation; customs taxes, with 31.22 percent; Y the tax on financial movements, with 6.74 percent.
Regarding inspection actions, between January and October, These resulted in a total of 5.92 trillion pesos. To this, the results of the fight against smuggling and evasion are also added.
(See: Core inflation? What is it and how will the Government use it in the crisis).
NOELIA CIGUENZA RIAÑO
TIME
