www.doingbusinessincolombia.com
EMAIL info@doingbusinessincolombia.com
TEL +57-305-461-9162
One of the most common questions we receive on our office is what is and how much time is needed to obtain Colombia tax residence when doing business in Colombia.
For doing business in Colombia, The Colombia Tax residence refers to the place or territory where both income obtained and assets owned must be declared, and this implies paying taxes based on them.
2) What is the Colombia tax residence certificate?
The tax residence certificate is the one issued by the DIAN (Colombian tax authority) certifying that the taxpayer has a domicile or residence in Colombia for tax purposes, for the requested taxable period. Whereas the tax situation certificate in the country is the one issued by the DIAN to certify the nature and amount of the income and taxes paid or withheld in Colombia, specifying if they have been subject to income and/or asset taxes in the country.
These certificates can be requested by taxpayers of income and asset taxes who need to prove to tax administrations of other countries their tax residence and/or tax situation in Colombia for the application of Double Taxation Avoidance Agreements.
3) Which individuals are considered residents in Colombia for tax purposes?
Those who meet any of the following conditions:
Stay continuously or intermittently in the country for more than 183 days.
Be exempt from taxation in another country due to diplomatic or consular relations and under the Vienna Conventions.
Be a national and meet any of the following conditions: a) Their spouse or legally non-separated partner or their minor children have tax residence in the country. b) 50% or more of their income is from national sources. c) 50% or more of their assets are managed in the country. d) 50% or more of their assets are owned in the country. e) They fail to demonstrate their tax residence status in another country when requested by the DIAN. f) Have tax residence in a territory designated as a tax haven. (Article 10 of the Tax Statute – ET) It is considered as Colombian National:
When born in Colombia.
When the child of Colombian parents.
By adoption.
By obtaining nationality.
If you need further consultation, please contact us
www.doingbusinessincolombia.com
EMAIL info@doingbusinessincolombia.com
TEL +57-305-461-9162
