How much is the fine you must pay if you do not declare your income to the Dian?

From September 8 to 12, Colombian taxpayers will have another appointment with the DIAN (National Tax Agency) to file their 2024 tax return . To complete this process, they must provide their National Taxpayer Identification Number (NIT). How much is the fine if they fail to complete this procedure?

It is important to consider that this is a mandatory matter, and if they fail to comply, individuals who incur in this measure will face certain sanctions from the authorities. According to Article 641, there will be a penalty for late filing, equivalent to 5% of the monthly payment due. The minimum fine will be $498,000 pesos. The penalty for failure to file, as defined in Article 643, affects 20% of the omitted income and deposits and amounts to approximately $498,000 pesos. (See more: It is located in Antioquia and is one of the hottest towns in the Colombian region.) Finally, there will be an additional interest, with a 10% surcharge applied if taxpayers fail to comply with their obligations after being notified, as stipulated in Article 642.

Which taxpayers must file their tax returns between September 8 and 12?

On the Bogotá Mayor's Office website, they issued a reminder to Colombians that they must file their income tax return using their NIT number: Monday, September 8: digits 37 and 38. Tuesday, September 9: digits 39 and 40. Wednesday, September 10: digits 41 and 42. (See more: The Colombian island where nobody uses money: everything is paid with barter) Thursday, September 11: digits 43 and 44. Friday, September 12: digits 45 and 46.

What are the risks or penalties that a withholding agent may face?

Through a statement delivered directly to Portafolio, some sanctions that can be imposed on withholding agents who fail to comply with legal deadlines were announced. These sanctions are governed by Article 402 of the Penal Code, which can involve fines and even imprisonment. Similarly, authorities can issue administrative sanctions and even surcharges, which have an impact on the tax obligations of those responsible.

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Addressing this situation, Raúl Martínez, currently director of the Faculty of Administrative and Accounting Sciences at UNIAGRARIA, emphasized: "The omission of the withholding agent occurs when the person required to withhold the amounts fails to deliver the securities to the State within the legal deadline; this can lead to criminal and administrative sanctions, and in extreme cases, lead to investigations for concealment or money laundering when it is proven that the withholding agent reported less income than actually received," he explained.