2023-07-04 13:35:07
The 4 x1,000 is a tax that the government collects from all citizens through savings and checking accounts. This financial movement consists in that for every thousand pesos that a user withdraws from a financial institution, four pesos are debited by the government..
However, The Government of Gustavo Petro, with the most recent tax reform approved in Colombia, added an article that modifies the 4×1,000 tax. Therefore, with this announcement of changes in this tax, which is debited from millions of bank accounts and transactions, it will serve as a ‘relief’ for citizens.
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Before the modification, Colombians were only ‘obliged’ to have a bank account as exempt from 4×1,000 for up to 350 UVT, regarding $15 million per month for this year. However, with the above The Ministry of Finance and the Dian provide that this exception be applied, as a whole, to all accounts that a person may have.
“People will be able to use what they already have exempt from 4×1,000, but not in a single account, but it might be the combination of the balance they have in all of them,” explained, at the time, the director of the Dian, Luis Carlos Kings.
The new article with the modifications will include low amount accounts -such as Nequi and Daviplata-, extended to all financial products. But we must bear in mind that this new change, it will not be applied for now, but it will be done in a period of up to two years, from the date on which the tax reform was approved.
Therefore, they anticipate that this modification will begin to be applied at the latest by the end of 2024 or before that date, if the financial companies put this platform into operation in advance.
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