Severance pay and interest on severance pay
For January and February, employers must prepare to cover their employees' severance payments and severance interest. Therefore, companies should be aware of the following information:
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Financial closing 2025
As we approach the end of the fiscal and accounting year, it is the ideal time to properly plan and design the year-end 2025. This is why in this newsletter we will analyze the most relevant accounting and tax aspects as well as the main developments for the end of the year, providing practical and complete information.
Compliance with SENA regulated quota
Companies with fifteen (15) or more employees are legally required to hire a minimum number of apprentices from the National Learning Service (SENA) or authorized institutions, so that they can gain practical experience and strengthen their technical and technological training in Colombia. Companies must determine this number every six months, which is calculated as a percentage of their workforce,...
Legal service bonus
One of the rights of workers in Colombia who have worked in an organisation is the payment of the service bonus, which is the responsibility of the employer for the economic and social benefits obtained from the worker.
Institutional plan for employees
Among the range of benefits that companies can give to their employees are bonuses, either for yields or for any other concept; however, these bonuses increase the equity of the employees and therefore are part of the payroll and calculation of withholding tax and social security, if applicable.
DIAN Token Reconciliation and Electronic Documents
The information transmitted through the electronic invoicing system becomes the main input with which the DIAN will obtain data on income, costs and deductions to generate official tax returns.
Implementation of Electronic Payroll
Its implementation is given within the electronic invoicing system in resolution 000013 of 2021, the electronic payroll support document is a fundamental requirement for the request of costs and deductions in the income tax return and deductible taxes in the VAT return.
Invoice-equivalent documents accepted for tax
The implementation of the electronic invoicing system continues to develop in Colombia and with it the regulation of equivalent documents valid for tax purposes. To support income, costs and expenses operations.
Unemployment aid and interest on unemployment aid
For the month of January and February, employers must prepare to cover unemployment aid and interest on unemployment aid payments, so if companies have employees, they should be aware of the following information:
Electronic Invoicing System Obligation
The implementation of the electronic invoicing system in Colombia has been framed within the compliance of formal obligations before the National Tax and Customs Office - DIAN.
Mandate agreements
12 July 2024 - The constant transformation of the world economy since the 20th century has generated the need for companies to develop their capacity to adapt to increasingly competitive commercial markets. In order to develop strategies aimed at optimizing resources, some business collaboration contracts have been established that allow companies to become more competitive and efficient in an increasingly...
Types of Financial Statements
As we approach the end of 2025, we will outline some concepts, characteristics, and key differences in this newsletter, providing practical and comprehensive information.
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