The Classification of Natural Persons from the Act 1607, 2012.Impacts on Withholding Tax, Income Tax, and Complementary Taxes

Authors

  • Wilmar Alfredo Campo Balbín University of Antioquia

DOI:

https://doi.org/10.17533/udea.rc.18897

Keywords:

natural persons, withholding tax, employees, self-employed, withholding tax tables, minimum withholding tax.

Abstract

The tax reform approved by the Congress of Colombia on December, 2012 (Act 1607,
2012), defines a new categorization of the natural persons which involves effects in the determination
of the income tax and withholding tax and that is to be applied to the income they receive. The
regulations issued by the Government, until the date this paper was written, have not only tried to
clarify and enforce the legislative provisions, but they have also generated confusion among the
academic and business community and among the natural persons that earn their livelihood and
that of their families from providing their services. In this order of ideas, this paper is intended to
provide guidance to the readers, regarding the implementation of the rules governing the new tax
treatment in Colombia for the natural persons, on the basis of the laws and regulations, and in some
cases, based on the doctrine of the Tax Administration and on the author’s own view on the matter
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References

Ley 1607 de 2012.

Decreto reglamentario 0099 de enero 25 de 2013.

Decreto reglamentario 1070 de mayo 28 de 2013.

Published

2014-03-18

How to Cite

Campo Balbín, W. A. (2014). The Classification of Natural Persons from the Act 1607, 2012.Impacts on Withholding Tax, Income Tax, and Complementary Taxes. Contaduría Universidad De Antioquia, (61), 181–194. https://doi.org/10.17533/udea.rc.18897

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Section

Artículos