Expat Community > Colombia

Felipe58
Joined 2011
Posts: 467

Bancolombia / DIAN

1 year ago

I seem to remember a post where this was discussed, but I cant find it!
If you get a request from any Bank to complete a form for DIAN stating if you declare Tax in another country, my advice now, would be to ignore it.
Some say I am stupid for staying on the straight and narrow, but I hate looking over my shoulder, after 30yrs as a UK Cop, and have complied with all the rules and regulations, however since completing this declaration, Bancolombia have been making a deduction for 'Rentencion de Fuente' for every recorded payment by card, every transfer and Atm withdrawals. So they are taxing me for spending my money in Colombia.
We spoke to Bancolombia, they said DIAN were making the deductions, we then spoke to DIAN who said I am fully compliant, my only registered income ( my only income) is my pension, there would be no reason to take any money unless I was a Trader, they confirmed they have no access to any of my Bank transactions so Bancolombia are making the decisions.
As a result yesterday we went to my local Branch, they can see no reason for the deductions, but don't know who made the decision or why, therefore they have submitted a request for info, and I should know next week.
It is only a couple of Pesos at a time, last month 44pesos, but it is the principle, I pay tax on my income to the UK, I also pay tax on the difference in tax rate to DIAN, I have no intention of paying a third line of tax, if it comes down to it, I will withdraw my pension when it arrives and pay for everything by cash, it will be a pain in the butt, but so be it.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Bancolombia / DIAN

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