DIAN issues a reminder of the mandatory deadlines for renewing the registration of not-for-profit entities for the purposes of the Special Tax Regime
Colombia Tax Alert
The Directorate of National Taxes and Customs (DIAN) recently issued a reminder to taxpayers of the deadlines - established in Decree no. 2442 of December 27, 2018 issued by the Ministry of Finance - by which not-for-profit entities (ESAL) and Cooperative Sector Entities (ESCOOP) must update their registration in order to remain under the Special Tax Regime. Failure to complete this step can result in this special regime becoming non-applicable and loss of the benefits that it offers.
Registrations are required to be updated between March 22 and 29, depending on the final digit of each entity’s taxpayer identification number (NIT). Various documents are required to be presented in the registration update process, which must be carried out through the DIAN’s website, using the access credentials assigned to each registered entity”.