In article 1.6.13.15 of DUT 1625 of 2016 after being amended with Decree 1778 of December 2021, between August 9 and October 16, 2022, it mentions that individuals and resident or non-resident illiquid successions, whether or not obliged to keep accounting records, must timely file their mandatory or voluntary income tax returns for the taxable year 2021
For salaried employees and individuals who were issued the form 220 for the taxable year 2021, with the information of the earned income they received during the taxable year, it is important to review
If the taxpayer who received the form 220, concluded that he is not obliged to declare for the taxable year 2021 and that he should not do it voluntarily, being the article 6 of the Tax Statute that grants as a possibility only to the resident natural persons not obliged to declare that were subject to withholdings during the respective fiscal year, in such case the mentioned form 220 becomes the document that replaces his income tax return.
“said form 220 will be the main support to prove to the Dian, when required, that the person was not obliged to declare income.”
The form 220 has several spaces in the lines 56 to 73 for the salaried or pensioned person to fill out, if the values filled out serve to prove that they meet all the income, assets, consignments and other limits to be exempted from filing income tax returns, the form 220 will be the main support to prove to the Dian, that the person was not obliged to file income tax returns.
This being so, form 220 must be kept for 5 years, according to the rule of article 632 of the ET if the Form 220 becomes the taxpayer’s proof that he/she was not required to file an income tax return, he/she must keep it for 5 years.