He Tax on financial movements (GMF)popularly known as 4 × 1,000It is a national tax that applies in Colombia on certain financial transactions.
According to the Financial Superintendence of Colombia and the Directorate of National Taxes and Customs (Dian)this tax consists in the collection of four pesos per thousand that are arranged in taxed operations, that is, a rate of 0.4%.
(You can read: How have the tax reforms that the country have had so far from the 21st century).
The tax is generated at the time of the transaction, not on the account balance. For example, in money retreats, transfers, management checks and in general on the disposition of current or savings account resources are applied.
4×1000.
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The tax structure is designed so that financial institutions are automatically collected when taxed movements are made. Thus, the tax is transferred to the Treasury without the user must do an additional procedure.
Cases in which there are exemptions
Colombian legislation establishes several exemptions to 4 × 1,000. Among them are:
– Certain savings accounts and low -amount accounts, provided that they meet the requirements defined by the DIAN and the Financial Superintendence.
– Transfers made between accounts of the same holder within the same bank.
– The exemption benefit to a monthly operations stop, expressed in UVT (Tax Value Unit).
Can you remove the collection of the tax?
To withdraw the exemption from 4 × 1,000 tax in Colombia, It is necessary to request from the corresponding financial entity the unmarked of the account as exempt from this.
(You may be interested: ‘Invisible Taxes’: Taxes that almost nobody notice, but everyone pays).
This procedure can be managed through the virtual channels arranged by the financial entity or in person in one of its offices. In case of having an exempt account in another entity, it will be essential to first perform the unmarked in this institution before activating the exemption in a new account.
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Now, the following must be taken into account:
– Only one account can be exempt: By law, you can only have a savings account marked as exempt from 4×1000 throughout the financial system.
– Uncheck before marking: If you want to mark a new account as an exempt, you must first request the unmarked of your current exempt account at the bank where you have it.
– The demarcation process: If the procedure is done in another bank, the response time may be a few business days.
What banks can it be done?
Some financial entities allow the process to be carried out directly from its mobile application. Daviviendafor example, offers assistance and instructions from its digital portal to mark. On the other hand, banks such as Social Bank Bank They request that the user communicate with their personalized attention line to make the request with the help of an advisor.
In other cases, it is necessary to move to a physical branch. According to the information published on your website, Bancolombia It does not allow the client to mark his account from the app or the online portal without the intervention of an advisor.
(You may be interested: Bre-B keys: what kind of financial transactions will be used for).
On the contrary, entities such as BBVA They do facilitate the user to do this procedure on their own from the application, offering a step -by -step guide to complete the process without direct assistance. Similarly, banks such as Agrarian Bank, Banco de Occidente and Bancoomeva They allow to manage the marking autonomously.
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Another example is AV VILLAS BANKwhich offers the option to make account exemption through its virtual bank, with support included online. Instead, Scotiabank Colpatria requires the intervention of an advisor, as well as the Banco Popular, Gnb Sudameris, Banco Falabella and Banco de Bogotá.
It is important to keep in mind that the fact that an entity does not detail this process on its website does not mean that it is not possible to do it. In many cases, the information is not published online, but it can be confirmed directly with the bank.
Therefore, if you do not find the digital channel available or the procedure is not clear, the most practical recommendation is to communicate with the attention line or go to a physical branch. In this way, the user can confirm if their account can be marked as exempt from 4×1,000 and perform the process immediately and safely.
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