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Colombian Tax & Accounting Services

Tax Return and Accounting Services

Complying with the Colombian tax filing season is essential for both residents and non-residents with income or assets in Colombia. Timely and accurate tax filing helps individuals and businesses avoid penalties, interest charges, and legal issues.

It also demonstrates financial responsibility and ensures compliance with DIAN (Colombia’s tax authority) regulations. Failing to declare income or assets can trigger audits and jeopardize your legal standing in the country. Moreover, maintaining proper tax records can benefit those applying for visas. Staying informed about deadlines and obligations is key to avoiding complications and maintaining a good financial reputation in Colombia.

The 2025 Colombian tax filing season is upon us and the dates are approaching for individual persons to begin filing their income tax return with the Dirección de Impuestos y Aduanas Nacionales (DIAN – National Tax and Customs Directorate).

The tax calendar indicates that the first deadline for taxpayers in the country to file and make the corresponding payments (if any) for the tax filing period for year 2024, is August 12, 2025.

To avoid being caught off guard by this payment, consider some aspects that could help you fulfill this obligation.

Please review and purchase one of our Tax Return and Accounting Services below to get started or use our contact from for more information.

Disclaimer: Discover Barranquilla S.A.S. takes no responsibility for the incorrect or late filing of tax returns. We recommend you seek the advice of a tax professional. 

Who should file a tax return?

In order to determine if someone needs to file a tax return or not, some factors such as income, assets, purchases, salaries, and transfers from the previous year must be taken into account. DIAN establishes annual thresholds to determine who must fulfill this obligation. You should speak with an accountant to see if you are required to file your taxes or not.

Do I have to file a tax return if I receive a foreign pension?

Taxpayers who receive a pension abroad can declare it as exempt income under the terms of section 5 of Article 84 of the tax statute. Tax Reform Law 2381 de 2024 (which goes into effect July 1, 2025). Under this legislation, the government treats Colombian-source and foreign-source pensions equally. As per the Colombian government, the monthly tax-free amount equals approximately $950 USD. That means that if your foreign pension is less than ~$950 USD per month, then as per current legislation it is considered tax-free. To read more about foreign pensions, please read our article: Is an Expat’s foreign pension taxable in Colombia?

Can I receive a deduction for taxes paid abroad?

Article 254 of the Colombian Tax Code, states that Colombian residents, as well as domestic companies and entities receiving income from foreign sources, can deduct from their Colombian income tax any taxes paid abroad, provided that the deduction does not exceed the amount of tax due in Colombia on the same income. This is true whether or not you are a citizen of a country with a tax treaty. For example, the Unites States does not have a tax treaty with Colombia, but if you paid taxes to the IRS then the amount paid counts as an eligible deduction on your Colombian tax return.

Does Colombia have tax treaties with other countries?

A double taxation treaty (DTT), also known as a double tax agreement (DTA) or tax treaty, is an international agreement between two or more countries designed to avoid double taxation of income or capital. The primary goal is to prevent the same income from being taxed twice by different countries, which can hinder cross-border trade and investment. As of this publication, Colombia has tax treaties with 16 countries including Canada, the United Kingdom, and France.

Am I a tax resident and do I have to file?

You are considered a tax resident if you have been in Colombia more than 183 days over a 365-day period. Keep in mind that this is NOT a calendar year analysis.

In general, you will have to file a tax return for the 2025 Colombian tax filing season, if:

The value of your total assets exceeds COP $211,792,500 (this includes the value of your real estate, vehicles, etc); OR
Total annual income exceeds COP $65,891,000; OR
Total purchases via a credit card exceed COP $65,891,000; OR
Total purchases via any other method exceed COP $65,891,000; OR
Total banking activity (deposits, transfers, etc…)/financial investments exceed COP $65,891,000. This includes transfers to yourself from abroad.

I have to file a Colombian tax return. Can you connect me with a tax professional?

Yes, we can certainly assist you with filing your Colombian tax return! We have a certified Colombian accountant on staff who can provide professional guidance and properly file your Colombian tax return.  Please choose one of the services below to get started. If you’re unsure which service you need, please use our contact form to get started or message us on Whatsapp.

PERSONAL TAXES

RUT – Taxpayer ID Number Registration

A RUT, or Registro Unico Tributario, is the first document a taxpayer needs before they can file their taxes. You must request your taxpayer identification number from DIAN by registering for a RUT.

$200,000 COP ($50 USD)

Form 210 – Tax Return for Natural Persons

Form 210 is the personal tax form that all natural persons in Colombia must file if the person meets the minimum income thresholds.

$375,000 COP ($92 USD)

Forms 210 and 160 – Tax Return for Natural Persons

If you have assets abroad, then along with filing form 210, you must also file form 160 to declare any assets you may have abroad valued over ~$23,000 USD.

$475,000 COP ($118 USD)

Package 1: RUT, Tax Return, Specialized Tax Advice meeting w/ Accountant (1 hour)

This package includes obtaining a RUT (taxpayer ID) registration, filing a personal tax return with DIAN, and 1 hour specialized tax advice session with our certified accountant.

$900,000 COP ($222 USD)

Package 2: Tax Return and Specialized Tax Advice meeting w/ Accountant (1 hour)

This package includes filing a personal tax return with DIAN, and 1 hour specialized tax advice session with our certified accountant.

$625,000 COP ($155 USD)

BUSINESS CREATION, TAXES, AND OTHER SERVICES

Form 110 – Business Tax Return for Legal Entity

If you have a business in Colombia such as a S.A.S. you are required to file a yearly business tax return for your company. The fee for filing a business tax return starts at $2 million COP but the final amount will be discussed with our tax professional during your first specialized business tax return meeting.

Business Creation and Capital Injection

Creation of a legal business in Colombia. Includes injection of opening capital.

$2,450,000 COP ($600 USD)

Initial Balance Certificate issued by Certified Accountant

A certificate of initial balance of the newly created business issued by a certified accountant

$350,000 COP ($86 USD)

Registration of Capital Stock

Registration of capital stock for the business.

$500,000 COP ($125 USD)

Accountant’s Certificate

A certificate issued and signed by a certified accountant.

$200,000 COP ($50 USD)

Company Incorporation in Colombia, with Power of Attorney

Legal company formation of a SAS in Colombia. The client will sign a power or attorney giving the accountant the right to legally create the company.

$1,600,000 COP ($399 USD)

Form F4

Form F4: used for declaring and registering foreign investments in specific scenarios. Often used during the process of creating a business or purchasing real estate.

$250,000 COP ($62 USD)

Form F5

Form F5: used for declaring and registering foreign investments for free investment purposes. Often used during the process of creating a business or purchasing real estate.

$250,000 COP ($62 USD)

Virtual Mailbox/Address in Colombia

Upon the creation of the business, you may need a virtual business address.

$150,000 COP ($37 USD)