This August 12th the deadlines for Colombians to make their respective requests begin to expire. income tax return before the National Tax and Customs Directorate (DIAN).
For this reason, it is important that certain types of taxpayers take into account everything they need to do this procedure, for example, those who have in their name Term certificates of deposit (CDT).
(Further: Proposals from business and industrial associations to reactivate the economy).
In this case, it is key to request the financial institution with which you have your CDT the certificate of withholdingswhich must detail the taxes withheld on the interest generated by investments made there during the fiscal year.
In addition, it is worth mentioning that if during the year you made movements in the bank accountsit is key to obtain the lien certificate (GMF), known as the 4×1,000. This will allow you to keep a clear record of these payments and, in certain cases, deduct up to 50% of the value of the GMF in the declaration, according to article 115 of the Tax Statute.
(You can read: How to register for the RUT online if you have to file your income tax return this year).
CDT
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Documents you should have on hand
It is also important to have on hand the product certificateswhich must include the initial invested amount, the start and maturity dates, and the interest generated. This information is important to correctly calculate your income and comply with your tax obligations..
(We recommend: Income tax return: Dian presented seven new tools to facilitate the process).
Under this order of ideas, there are currently several options, supported by technology, that allow having all the information on CDT investments in one place. For example, There are applications available where it is possible to have a kind of investment modulewhere you can consult in real time all the data on your CDT investments in more than one banking entity.
By managing CDT investments through the platforms, it is possible to quickly obtain retention certificates, GMF and other reports, which significantly simplifies the tax preparation process.
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