When we review a new client's earlier periods, these are the findings that come up again and again. Each one has a cost if nobody puts it right in time.
A concept is applied that does not match, and the difference surfaces once it already has to be amended.
Credits taken where they do not apply, or not taken where they do. There is money in both directions.
Reports that do not match the tax return or the books — and the tax authority cross-checks them automatically.
The penalty and interest are the visible cost. The invisible one is the time spent putting it right.
An incorrect calculation or a misapplied tax treatment costs more than the service that would have prevented it. And once it has happened, amending is possible: it depends on the conditions and on whether the return is still open to amendment.
Tax compliance is a calendar, and a calendar is managed forward. This is how the year works.
Colombian tax law moves. When a change affects your operation, we tell you with enough time to do something about it.
We pick the year up where it stands. First we review what has already been filed, and we carry on from there.
This year's returns and their supporting documents, to establish what was filed, with what backing, and whether anything is still to be amended.
That the books, the information return and what was filed all say the same thing. Differences surface now, not when the tax authority cross-checks them.
With the schedule built and any pending obligations up to date, the year runs on without a gap in the middle.
What we need to start: the returns already filed this year, with their working papers and supporting documents. Once that is organized, the review and the preparation of anything outstanding begin.
We handle the full process, for both income tax and VAT. What decides whether the money comes back, how fast and through which route is the work done before filing.
The return line by line with its working papers, the annual information return reconciled against the tax return and the return against the books, and each withholding certificate verified one by one.
Confirmation of the tax and accounting support, and of the documents the DIAN process requires. By the end of this phase you know what makes up your credit and what backs it.
The online filing forms, the supporting documents, signature and submission. And responses to any enquiries the DIAN raises while the claim is open, within the term.
The same professional who reviewed the information is the one who answers to the DIAN: the file does not change hands between review, filing and responding to enquiries. The terms above are the ones the law assigns to the DIAN to resolve a claim. The route requested is agreed with you; which one applies is the tax authority's decision.
The scope, the deliverables and how we work, in one document you can pass on to whoever decides with you.
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