THE WORKING WEEK WILL BE REDUCED TO 46 HOURS STARTING JULY 15, 2024
DID YOU KNOW… In accordance with LAW 2101 OF 2021, starting on July 15, 2024, the working week will experience a further reduction of one hour, bringing it down to 46 hours. This process will be repeated in 2025 and 2026, with a two-hour reduction each year until the established goal is reached. DID YOU […]
SINGLE-USE PLASTICS TO BE BANNED AS OF 2024
According to Law 2232 of 2022, the production and use of single-use plastics is prohibited.single-use plastics. The regulation establishes the elimination of 21 products, starting with those that ceased to circulate as of this from this Sunday, July 07, 2024. The remaining plastics will be phased out by 2030.market until 2030.This law seeks to reduce […]
CHANGES FROM EQUIVALENT DOCUMENTS TO ELECTRONIC EQUIVALENT DOCUMENTS STARTING AUGUST 1, 2024
WE INFORM YOU THAT… Starting on August 1, the following documents, which are equivalent to the Electronic Sales Invoice, must be implemented as “ELECTRONIC EQUIVALENT DOCUMENTS” in accordance with the changes introduced by Resolution 00165 of November 2023.
PENSION REFORM: WHEN DOES THE NEW SYSTEM START AND WHO DOES IT APPLY TO?
The pension reform has been approved by the Congress of the Republic, and it will come into effect on July 1, 2025. The new Comprehensive Protection System for Old Age replaces the competitive system between regimes under Law 100 of 1993 and introduces a system with four pillars: Solidarity, Semi-Contributive, Contributive, and Voluntary. The two […]
NEW REGULATIONS ON SOCIAL SECURITY CONTRIBUTIONS FOR SELF-EMPLOYED WORKERS
DID YOU KNOW… For self-employed workers, there is a “Cost Assumption” in the development of their activity, which allows them to calculate their Social Security contributions based on a specific percentage, according to their CIUU code? WE INFORM YOU THAT… Last May, the Director-General of the UGPP issued Resolution 532 on May 22, 2024, outlining […]
INCENTIVES FOR THE CREATION OF NEW JOBS “Colombia, Global Power of Life”
WE INFORM YOU THAT… The national government issued Decree 0533 on April 29, 2024, regulating the continuation of incentives for the creation and retention of new formal jobs. DID YOU KNOW… With the issuance of this Decree, the regulations on the creation of new jobs established by Law 2155 of 2021, following the Covid-19 pandemic, […]
NEW DEVELOPMENTS ON ELECTRONIC DOCUMENTS IN COLLECTIONS BY FINANCIAL INSTITUTIONS
DID YOU KNOW… Financial institutions are NOT REQUIRED TO ISSUE ELECTRONIC INVOICES? DID YOU KNOW… According to the new regulations on Electronic Invoicing and Equivalent Documents, the only items deductible without electronic documents are PROVISIONS AND DEPRECIATION? All payments to third parties must have electronic support to be tax deductible in the income tax and […]
