Taxes
The Tax Law in Colombia is a set of laws and regulations that govern the collection and payment of taxes. The tax law is the basis for all taxation in Colombia, and it includes both direct taxes (such as income tax) and indirect taxes (such as sales tax).
Tax advice and planning
- Advice and permanent planning on national taxes in international or cross-border operations.
- Tax planning and implementation of tax efficient structures in mergers, acquisitions and spin-offs, as well as in reorganization and restructuring processes, usually with international components.
- Advice on interpretation and application of double tax treaties in transactions related to mergers, acquisitions and corporate restructurings.
- Advice to international clients focused on the analysis of the application of the tax credit and the effective taxation of operations in Colombia.
- Tax structuring in the framework of corporate finance and project finance transactions.
- Advice and tax planning for domestic and foreign individuals (e.g. expatriates).
Tax advice and tax outsourcing
- Preparation or review of income tax returns and tax reconciliation report, new format 2516
- Preparation or review of periodic returns, VAT, withholding tax, industry and commerce, declaration of assets abroad
- Preparation or revision of wealth tax returns
- Preparation or review of exogenous information at national and municipal level
- Accompaniment in the visits of the tax administration
- Procedures for updating or registration of RUT, RIT and RUO
- Attention to ordinary information requirements, DIAN, Treasury Secretaries, Superintendencies
- Reconciliation of accounting accounts based on tax returns filed
- Tax reports to head office
Accounting and financial outsourcing
- Conversion of financial statements to IFRS
- Reports to control entities
- Preparation of financial reports required for decision making
- Management of: treasury, accounts payable, invoicing, portfolio, fixed assets, costs and inventories
- Tax compliance
- Operation in accounting software, accounts receivable, fixed assets, payroll, interfaces, administration, accounts payable, purchases, inventories, sales, electronic invoicing
Outsourcing payroll and personnel administration
- Consulting and support in:
- Attention to requirements of the UGPP, funds and compensation funds.
- Generation of reports to control entities
- Affiliation and affiliation process
- Employee retirement process
- Payroll and social benefits settlement
- Settlement of contracts
- Self-settlement of social security contributions
- Consolidation of social benefits
- Issuance of certificates of income and withholdings
Audit
- Development of auditing procedures aimed at obtaining an objective evaluation of the management and results of the companies
- Specialized and qualified auditors in the accounting, financial and technical areas to ensure that the execution of contracts for purchases and/or services present economic balance and comply with the law
- Perform special reviews on specific and significant transactions and/or processes
