The National Tax and Customs Directorate (DIAN) has invited taxpayers to use electronic invoicing, ahead of the 2024 tax return period. The electronic invoice is the evolution of the traditional paper invoice. It has the same validity and legal effects, and for tax purposes it supports transactions for the sale of goods or services.
In addition, it allows the taxpayer to access new services, such as suggested returns and automatic returns. Likewise, it allows you to know commercial transactions in real time, speeds up procedures with the DIAN and saves paper and courier costs.
The DIAN points out that, when requesting an electronic invoice, 1% of that purchase is subtracted from the income at the time of calculating income tax. For this benefit to be effective, it is necessary that the interested party be identified as a buyer on the invoice, indicating their full name and their identification document or NIT.
The benefit may be used for the first time in the income and complementary tax return for fiscal year 2023, whose return will be presented in 2024. The new measure is aimed at taxpayers registered as natural persons who can use the benefit as a deduction in income and complementary taxes. This aims to encourage citizens to purchase and demand electronic invoices, in addition to creating a culture of issuing and requesting this document.
Likewise, it encourages banking use, which results in the development and promotion of the economy, according to the DIAN. Finally, it is important that the payment method used has been a debit or credit card, or any electronic means where an entity supervised by the Financial Superintendency intervenes. Additionally, that the invoice has not been used for deductions from another tax discount or tax credit.
Who can access these benefits
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Natural persons who have the status of income tax filers and complementary taxpayers may access this tax benefit. The percentage that can be deducted is 1% of the value of the acquisitions, without exceeding 240 UVT in the respective taxable year, according to the DIAN document. Deductions in income and complementary taxes for natural persons for goods and services acquired, supported with Electronic Invoice. For the 2023 declaration, that value is equivalent to 10,178,880 pesos.
Which are the requirements
For natural persons to access this benefit, it is necessary to meet a series of requirements. The first, that the acquisition of the good or service has been requested for any of the following concepts:
- Cost or deduction in income and complementary taxes
- Deductible tax in Sales Tax – VAT
- Income that does not constitute income or occasional gain
- Exempt income
- tax discount
- Other types of benefit or tax credit
Likewise, to benefit, it is necessary that the acquisition be supported by the electronic sales invoice with prior validation. This document must include the names and surnames, as well as the NIT tax identification number, or the taxpayer identification document number.
In addition, the electronic sales invoice must be generated from a payment with a credit or debit card, or by any electronic means in which an entity supervised by the Financial Superintendence of Colombia intervenes, within the taxable period in which the invoice is requested. tax deduction.
Finally, it is essential that the electronic sales invoice has been issued during 2023 by the subjects obliged—and authorized—to issue it.
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