May is the deadline to comply with legal obligations such as the implementation of the SAGRILAFT Directive and to send information on business practices to, among others, the supervisory authority of companies (report 42). In any case, do not forget to check the other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your businesses. • An amount equal to at least 100 statutory minimum monthly wages (approximately $87,780,300). Given that the payment of these taxes is made to the departmental or municipal authorities, entrepreneurs should consult both the lists and the rates with the governorates or mayors of the territory in which they are located. In general, these taxes are: In addition to the commercial levies mentioned above, there are other items that increase at the beginning of each year and it is important to take this into account. These include the minimum wage, the UVT (unit of tax value) and the CPI (consumer price index). With regard to access to RUSE databases, a benefit set out in Circular 003 of the Industry and Commerce Surveillance Authority of 19 December 2019, entrepreneurs can use these databases to strengthen their businesses, businesses or supply networks; Among other things, conducting market research, identifying potential customers. Companies bound by Circular No. 100-000005 of 2017 from 24 December 2020 must adapt their LA/FT/FPADM and SAGRILAFT policies in accordance with the new provisions by 31 May 2021 at the latest. Employers with at least 15 employees must have a minimum quota of interns, depending on where the employer lives. In July, exchange commitments such as the Exogenous Exchange Information Report (quarterly) at DIAN stand out. Work obligations such as the Arbeiterwerk report from July to December of the previous year must also be taken into account when applying the apprenticeship quota. In any case, do not forget to check the other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your businesses.
Have you ever benefited from Bancolomba`s alliance with Tributi? Enter the documentation and in a maximum of 48 hours you will receive the profit and loss account created by Tributi and pay with a Bancolombia debit or credit card and automatically receive the 20% discount. It`s as simple as that. Colombian companies must comply with a range of trade obligations. From the annual convening of the general meeting of shareholders or the shareholders` meeting to the filing of annual accounts with the Chamber of Commerce, including deadlines for filing tax returns, renewal of registration in the commercial register or employment obligations. There are many aspects that business owners need to consider to fully comply with regulations. You may be interested in: How can I pay my company`s DIAN taxes via the Bancolombia website? These databases, for which you previously had to pay, can be consulted indefinitely and filtered by search criteria, such as the name of the Chamber of Commerce in which the company is registered, the name or company name, the identification number, the date of registration, the date of the last renewal, the date of entry into force (for legal persons), legal representatives and representatives, as well as restrictions on their contractual capacity, among others. At PPA we guarantee practical and timely solutions, which is why we would like to inform you of the legal obligations that you must comply with as a Colombian commercial company internally and in the entities and / or supervisory authorities during the calendar year. Legal obligations of companies in Colombia With PPAs, we help you to examine each individual case for your company and thus determine the submission to these obligations. Legal obligations of companies in Colombia Websites and websites of Colombian origin whose economic activity is commercial, financial or providing services must be registered in the Commercial Register. All trading companies, branches of foreign companies and sole proprietorships that are inspected and expressly requested, supervised and controlled by the supervisory authority; are required to present to this company via its website the financial statements prepared in accordance with International Financial Reporting Standards (IFRS) as at 31 December 2020. Bancolomba`s business clients can use the cash portfolio if they need extra money to pay their taxes. This financing option consists of flexible short-term repayment and interest payments.
So you are up to date with the state! The information we share here is simply informational material that we offer to businesses. This publication is not intended for commercial purposes and does not constitute a royalty for the persons mentioned. The opinions of third parties are attributed to the sources consulted and do not affect the thinking of Grupo Bancolombia. It is the responsibility of readers and companies to comply with the regulations applicable to them and to verify their validity. In June, professional commitments such as the recognition of the employee service bonus, foreign exchange obligations such as the update of foreign investments before the Bank of the Republic and legal obligations such as the submission of the 52 report on transparency and business ethics programs stand out. In any case, do not forget to check the other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your businesses. In February, legal obligations must be fulfilled, such as the notification of developments in the national register of the database, taking into account the requests submitted in the second half of the previous year, and work obligations such as sending redundancies to the fund concerned. In any case, do not forget to check the other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your businesses. In March, the legal obligations are highlighted, such as the convening of ordinary general meetings for the general meeting or the general meeting and the renewal of the registration in the commercial register. In any case, do not forget to check for other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your business.
We recommend: Pay your taxes with Bancolombia credit cards at an interest rate of 1.5% per month. Commercial companies, branches of foreign companies, commercial institutions and sole proprietorships must renew their business registration with the Chamber of Commerce of the head office. It is specified that the obligations vary according to the type of company, the corporate purpose, the number of employees and other aspects. Not all related obligations are all, but they are the most common. In January, labour law obligations such as updating the minimum wage and paying severance pay are highlighted; as well as exchange obligations such as reporting exogenous exchange information to DIAN (quarterly). In any case, do not forget to check the other legal, exchange and work obligations whose compliance period begins or ends this month and which may have an impact on your businesses. Renewing the business registration with the Chamber of Commerce of your residence is one of the obligations that companies must fulfill. Those who carry out this procedure in the first three months of the year can access the database of the Single Register of Enterprises and Social Enterprises (RUES) free of charge and benefit from discounts on the rates to be paid in different procedures. With regard to the article *”Commitments of companies in Colombia in the first quarter of 2020″ generally refer to the list of obligations to be fulfilled by companies in the first quarter of the year. Entrepreneurs can also download information found or accessed in the STREETS in different formats and compare it to other databases. As these are public documents, it should be noted that there are no rules on habeas data or the protection of personal data in relation to the information contained in the RUES. In accordance with Decree 2345 of 23.
In December 2019, employers must provide employees with the income and source certificate for the 2020 taxation year. Commercial companies, branches of foreign companies and sole proprietorships subject to supervision or control of supervision or control, companies that are in the process of restructuring or reorganizing groups 1 and 2 or to which the supervisor addresses the corresponding request. Commercial companies and sole proprietorships that are subject to the supervision or control of the corporate supervisory authority, or companies that receive the request of the Companies Supervisory Authority, must submit to the Companies Supervisory Authority the report on business practices (corporate governance and social responsibility) requested in “Report 42 – Business Practices”. Being clear about the tax calendar and legal obligations can help companies plan their budgets and cash flow, including taking advantage of certain benefits, such as renewing the commercial register in a timely manner.