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Friday, 28 October 2011 00:00 |
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| | | | | | | | Tax
| | | | News Flash Number: 132 | | | | | | | | New proceedings over the Tax Registry issuance and update | | | | | | | | In the past few months, the Colombian Government has shown its intentions to tighten all proceedings related to the Tax Registry (in Spanish, “Registro Unico Tributario”, its acronym “RUT”), highlighting the special attention that should be bored in mind with regard to the address or domicile for tax purposes, reported to the Tax Authority (in Spanish, “Direccion de Impuestos y Aduanas Nacionales”, its acronym “DIAN”) through the Tax Registry.
For that purpose, the Government has issued Executive Orders Nos. 2645 and 2820 of 2011 to establish new requirements to obtain, modify or cancel the Tax Registry, as follows: (i) proof of ownership of a current checking or saving accounts, or the most recent bank statements of such account (with no more than one month from issued); and (ii) a copy of a utility bill, exhibiting the original one, which should sets forth the same address as the one submitted to the Tax Registry.
Additionally, the abovementioned Executive Orders also set forth that all Tax Registry proceedings must be undertaken by the Tax Registry registrant itself or otherwise by its attorney. It is of paramount importance to highlight that these two Executive Orders also announced a new penalty (in addition to the economic penalties already set forth in the Colombian Tax Code), which consists in the potential suspension of the Tax Registry. The Tax Registry suspension will occur if the address listed in the RUT does not match reality and hinders the work of the DIAN with respect to official notifications and/or routine on-site visits by DIAN officers. Among these cases, by way of example, if DIAN officers find that the taxpayer does not have the capacity or infrastructure required for the development of the reported economic activity in its Tax Registry, this would result in the imposition of the suspension penalty.
Considering the above, we strongly urge you to verify your current Tax Registries, that could have been registered in the past, especially verifying the registered address. | | | | | | | |
| | | |  Ranking Web Words list
1. | Tax
| | 2. | Registry | | 3. | RUT
| | 4. | Suspension | | 5. | Penalty | | 6. | Executive Order No. 2645
| | 7. | Executive Order No. 2820 | | 8. | DIAN
| | 9. | Address | | 10. | Registered | | 11. | Notifications | | 12. | Government | | | | | | | | | | | | | | |
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