Fringe Benefit Statement Sample

Fringe Benefit Statement Sample– Declaration of income for natural persons: presentation, payment and deductions

If you are a natural person, are you sure you must declare income ?, and, if so, do you know how much you should cancel for this concept or if, at best, you should not pay anything? It is important to be clear that the presentation and payment of rent are two different processes and that, depending on whether you meet certain requirements, you should not declare or do so without any payment.

To declare income for the fiscal year that passed (2017), the minimum ceilings were located at 1400 UVT, that is, $ 44,603,000, so if you received that amount, or a higher amount, you are obliged to do so. However, the payment and deductions that may apply to this will be subject to the tax system (which depending on the origin of your income may be labor, non-labor, capital, pensions and dividends).

The aspects that you can consider to make deductions on your income tax are: pension contributions (including voluntary contributions); if you have family members that depend on you economically as children (minors or with a maximum age of 23 years that certify study and economic dependence of the declarant), couple, parents or any dependent with physical or psychological limitations; If you pay prepaid medicine or if you have a home or lease mortgage loan.

INCP writing from the article published by Personal Finance.

For more information, you can review the article entitled “Salaries of $ 6 million, the ones that feel most increase in income tax” from the Personal Finance source.

Salaries of $ 6 million, those who feel the most increase in income tax

It is time to prepare the documents and take out the accounts of what you must present in your declaration and the corresponding income tax payment.

The main procedures must not be left to the last minute. We all know that in Colombia to the letter, but the truth is that many citizens begin to worry about the last business day, at the last minute, of one of the main obligations as Colombians: the presentation and payment of income tax.

They are two different processes. The first corresponds to verify if last year the ceilings imposed by the Tax Statute were not exceeded and that it was modified with the last Tax Reform, or also known as Law 1819 of 2016. Like any process that modifies the ‘rules of the game’ In terms of taxes, there was a before and after its application. The previous one was last year and we will explain it in what has to do with the presentation of the income statement.

Fringe Benefit Statement Sample

Fringe Benefit Statement Sample

Fringe Benefit Statement Sample

If you exceed one or more of the following points, then do not let this diligence be done later. Look that this is one of the main errors of the taxpayers, not reviewing the figures and it turns out that they missed the opportunity to declare and without paying, but for not being up to date they start running moratorium interests and penalties that, if neglected, can be greater than the tax obligation to be paid.

Income and complementary tax is one of the best recorded in the variation of the tax collection of the national government. According to figures from the Directorate of National Taxes and Customs (DIAN), this tax went from a collection of $ 10.8 billion between January and November 2016 to $ 15.1 billion in the same period of 2017.

This growth is mainly explained by two (2) factors: 1) the liquidation and payment of the advance of the income tax surcharge and complementary that replaced the CREE surcharge, which had to be settled and paid with the income statements of the year taxable presented in the month of April and 2) the collection obtained in application of the benefits established in articles 305 and 306 of Law 1819 of 2016, in which the DIAN is empowered to make conciliations in administrative contentious processes, and terminate by mutual agreement administrative processes.

In the collection work for the management of the DIAN, corresponding to mitigating evasion and contraband, as well as the control and service days to invite delinquent taxpayers to settle their debts, a result of $ 8.3 billion was recorded at on October 31, 2017. The total management of the DIAN is estimated to end the year with a collection close to $ 9.4 billion, including $ 1.5 billion for tax normalization tax.

The effect of tax reform on higher revenues

The change in the tax regime, the elimination of IMAN and IMAS taxes (which neither the accountants or DIAN officials themselves clearly understood) and the purification of income with deduction and exempt income have a greater impact on some income of employees .

Ación del impuesto sobre la renta será más simple. Así las cosas, ya no se podrá aplicar el impuesto sobre la renta bajo los sistemas del IMAN Según el informe del Instituto Nacional de Contadores Públicos, a partir de este año, para el informe en empleados, trabajadores por cuenta propia u otros; Lo que implica que ya no existan diversos sistemas para determinar el impuesto sobre la renta de las personas naturales; con lo que la determinación del IMAS.
El cambio de régimen de tributación, la eliminación de los impuestos IMAN e IMAS (que ni los propios contadores ni los funcionarios de la DIAN entendían claramente) y la depuración de los ingresos con deducción y rentas exentas impactan en mayor medida a algunos ingresos de los asalariados .

Según un informe del Instituto Nacional de Contadores Públicos, a partir de este año, para efectos del impuesto sobre la renta, las personas naturales y los empleados; Lo que implica que ya no existan diversos sistemas para determinar el impuesto sobre la renta de las personas naturales; con lo que la determinación del impuesto sobre la renta será más simple. Así las cosas, ya no serán aplicables la determinación del impuesto sobre la renta bajo los sistemas del IMAN ni del IMAS.

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