Expat Community > Colombia

Elexpatriado
Joined 2017
Posts: 7233

Meeting with BanColombie Re: Colombian taxes

1 month ago

II have a friend who has lived in Poblado about 18 years and has been a BanColombia client for most of that, and wired much of his pension and other income to his account there.

About 7 or 8.years ago I suggested he talk to an accountant about theoretical taxes he would pay if he did a declaración de renta. Despite his claims, I never advised him to actually do it just do some infot
rmation gathering.
Anyway, accountants being what they are, convinced him to do an anual tax return

So he has been doing it for the last 8vyears paying zero Colombian income tax, and according to him does not report iverseas income and taxes.
Like many othérs he has been getting away with this type of " bogus" declaración de renta for years.

Well recently BanColombia called him.in for am " interview" . In his words , they said " DIAN is now exchanging information with the IRS about taxes and tax avoidance". They did not say him, or anyone in particular, just a general statement.
Now he is in Poblado, full of Gringos, so maybe they are just concentrating at that branch, and only Americans.

Anyway they asked him to sign a form saying he was a tax resident in Colombia and did tax returns in Colombia and the US which he signed. They also wanted him to give them his SSN, which he did.

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Meeting with BanColombie Re: Colombian taxes

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