Although the rule is already in force, taxpayers will have to wait for the consolidated system to work.
News Colombia.
This Friday, December 13, the start of the changes in the 4×1000 tax in Colombia was projecteda measure that promised greater flexibility for taxpayers who manage multiple bank accounts.
However, The director of the National Tax and Customs Directorate (DIAN), Jairo Villabona, announced that the implementation will be postponed due to operational problems between financial entities.
The main proposed change sought to eliminate the need to mark a single account as exempt from tax for those who operate with more than one.
Read: The 4×1000 and the debates in each crisis: the new reform proposes not charging it in some cases
As Villabona explained, the consolidated system should automatically calculate when a person reaches the limit of exempt transactions and apply the corresponding discount to all their financial accounts.
“According to the rule, if a person has investments or carries out operations, it will no longer be necessary to mark a specific account. A consolidated system will manage the different operations in financial entities“Villabona explained in an interview with Blu Mornings.
What stopped the implementation of the new 4×1000 system?
Although the regulations have been in force since Friday, Villabona clarified that the real change would be visible from Saturday, December 14.
The reason behind the delay is the lack of unification between banks, cooperatives, employee funds and other financial entities that manage citizens’ accounts.
“The problem is that there is no single consolidated system among financial entities. From the DIAN we do not have that precise information, and this has delayed the operation of the benefit”, he noted.
This technical inconvenience raises doubts among users who claim that the 4×1000 continues to be collected in accounts that should not be subject to the tax.
According to Villabona, citizens do not need to report specific dialings, but must wait for the unified system to fully function.
The promise to retire the 4×1000
The 4×1000 tax has been a source of controversy since its creation. In March of this year, the then director of the DIANLuis Carlos Reyes Hernández, now Minister of Commerce, Industry and Tourism, announced significant changes for certain groups of taxpayers. However, the implementation of these adjustments now faces further delays.
In the future, it is expected that financial entities will reach an agreement to guarantee the operation of the consolidated system and avoid improper charges. For now, taxpayers should continue to monitor developments in this measure.
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