ARTICLE
9 November 2016

Changes In The Tax-ID

PH
Posse Herrera Ruiz
Contributor
Posse Herrera Ruiz
New amendment to the TAX-ID (RUT) for those taxpayers required to keep accounting books.
Colombia Tax
To print this article, all you need is to be registered or login on Mondaq.com.

New amendment to the TAX-ID (RUT) for those taxpayers required to keep accounting books.

The RUT must be amended to include "Tax Responsibility No. 42- Required to keep accounting books", and for identifying the accounting group to which the taxpayer belongs.

The Colombian Tax Authority – DIAN- required all individuals and legal entities that are obliged to maintain accounting books, to amend their RUT for purposes of including the new "Tax Responsibility No. 42 – Required to have accounting books".

Additionally, in section No. 89 of the RUT, the taxpayer must identify the accounting group to which it belongs, in accordance with Decree 2420 of 2015. For example, entities of the private sector belonging to Group 1 must include the No. 79; those in the Group 2 must include No. 80; and those who make up Group 3 must include No. 81.

Finally, in section No. 89 of the RUT, the taxpayer must identify the system it uses to reconcile accounting provisions with tax provisions, in accordance with Decree 2548 of 2014.

Do not hesitate to contact us if you require any support from our side to carry out this update procedure.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
9 November 2016

Changes In The Tax-ID

Colombia Tax
Contributor
Posse Herrera Ruiz
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More