Merchants, entrepreneurs, micro and small businessmen in the country have until February 28 to register in the Simple Taxation Regime and enjoy the new benefits brought by the tax reform approved in 2022.
(Position of the Government and Fedesarrollo on the possible elimination of the 4×1,000).
The benefits that stand out the most are a discount of 4×1000 in the tax to be paid, a reduction in rates (between 1.8 and 8.3 percent), expansion of the groups (it went from 4 to 6, including more economic activities), paying up to 7 taxes in a single receipt, improving its cash flow and discounts on hiring personnel, among others.
Likewise, another of the new characteristics of this system is that natural persons with gross income of less than 148,442,000 pesos by 2023 (500 UVT), will not have to pay bimonthly advances, they will only have to present the consolidated annual declaration.
(The pros and cons of disassembling the 4X1,000).
Those who want to be part of this regime and enjoy these benefits must update their Single Tax Registry (RUT), through the electronic service of the RUT or App Dian (available Play Store and App Store), with the responsibility 47 Simple Tax Regime.
The term to carry out the registration process is enabled from the first of January and until next February 28. If the interested party is an entrepreneur who does not yet have a RUT, he may register for the Simple Tax Regime at any time of the year.
(Carrasquilla’s proposal to replace the 4×1,000 is revived).
The Directorate of National Taxes and Customs (Dian) clarified that natural and legal persons who can be part of the RST are those with incomes of less than 4,241,200,000 pesos by 2023 (100,000 UVT), and the specific group of liberal professions of less than 508,944,000 pesos by 2023 (12,000 UVT ).
Likewise, on its website, the Dian enabled a simulator so that those who are interested can compare how much money they can save in paying taxes against the ordinary regime, and make the decision that best suits their tax reality.
The Dian assured that with these provisions that were established in the tax reform it is sought that “more entrepreneurs, merchants and businessmen can strengthen their business ideas to transform them into large companies and, in addition, they become sources of employment and revitalizing the economy”.
LINA QUIROGA BLONDE
Economy and Business ET
