Author: planningweb

This normative proposal arises from the recommendation document issued by the Technical Council of Public Accountants, after the analysis of the standard and the study carried out by the ad honorem Technical Committee of Insurance Experts. Bogota, September 2023. The Ministry of Commerce, Industry and Tourism -MinCIT- published for comments the draft decree by which the Regulatory Technical Annex 01 of 2023 of Group 1, containing the IFRS 17 Insurance Contracts Standard, is added to the annexes incorporated in Decree 2420 of 2015, and other provisions are issued. This is the regulatory proposal through which the implementation of the international standard on insurance contracts in Colombia is defined. The deadline for interested parties and value groups in general to submit their...

The Ministry of Labor will authorize the performance of supplementary work The Minister of Labor, Gloria Inés Ramírez, signed Resolution 3031 of August 30, which obliges employers to update the authorization to work overtime. The provision states that the employer has a term of six months to make the respective adjustment before the Territorial Directorate of the Ministry of Labor of its jurisdiction. "In a recent pronouncement of the ILO Committee of Experts, it presented observations for Colombia regarding the ratified conventions, indicating the need to establish limits on the hours worked per day and that overtime must be paid in a timely manner and that there are limits to these overtime hours both at weekly and weekly levels.

Information to taxpayers obliged to the transfer pricing regime. The Operative Sub-Directorate of International Taxation and Settlement informs taxpayers obliged to the transfer pricing regime, that: 1) The deadlines established to file the Informative Declaration of Transfer Pricing and the Local Report of Supporting Documentation for taxable year 2022 and fraction 2023, start on September 7 until September 20, 2023. (Articles 1.6.1.13.2.28 and 1.6.1.13.2.29 of Decree 1625 Sole Regulatory Decree on Tax Matters modified by Decree 2487 of December 16, 2022). 2) The prevalidator for the taxable year 2022 is available for downloading from the DIAN portal at the following link: https://www.dian.gov.co/Transaccional/Paginas/Prevalidadores.aspx You must click on the "TAXES" section and look for the prevalidator identified as....