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A few weeks later, the Contribution to National Valuation (CNV), or as it is more popularly known “Special” costs in the valuation of road infrastructure works. Of the region’s 248,656 properties, 140,658 will contribute.
Some people have questioned this What happens if the property you live in has to pay fees? How much and how are they charged? Portafolio brings you a quick and simple guide to clear your doubts.
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Who does the payment apply to?
For all these taxable properties, that is, those that are not excluded (streets, roads, squares, parks, public lands, natural parks, reservations, archaeological heritage, cultural centers, property in non-mitigated high-risk areas, areas forcibly transferred or designated for tombs and warehouses, areas dedicated to worship, and government-owned property recognized in Colombia).
Apart from, They also do not have to pay for property that is exempt from the fee. That is, each of its owners or holders belongs to a household classified by Sisbén as extremely poor (A1-A15) or moderately poor (B1-B7). Properties located in Tiers 1, 2 and 3 and those classified as Units of Family Agriculture (UAF).
Why pay?
Because the payers will be the owners and/or holders of the properties within the road project’s area of influence, Gained benefits such as accessibility, Liquidity and increase in value of the property based on the commercial valuation of the property.
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Won’t exempt and excluded property contribute?
For exempted properties, whether classified as Sisbén IV tier or UAF dome, the State will bear the amount they must pay.
How do I know if I should donate?
Through the official notification mechanism, the administrative act and the account number for collection are sent electronically to the registered address. After the administrative act is issued, the payment information will be sent to your property by registered mail.
When do you have to pay?
Although the payment date has not yet been determined It will start in the second half of 2024.
How does payment work?
Payment of national assessment contributions Will be conducted every quarter The annual amount varies for each taxpayer, depending on the amount of the contribution and the ability to pay. Once the owner and/or occupant of the property has been notified, they will have an initial period of five months to cancel the contribution through the different payment methods offered by Invías.
The contribution of each property owner is determined based on the benefits they receive from works carried out near their property. In order to calculate the amount of the contribution, a socio-economic analysis is required.
In addition, there are three payment options: immediate payment, discount; full payment in installments, or Deferred payment of financing interest.
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4G route.
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How often do I need to pay?
The state value-added contribution related to transport infrastructure projects can only be paid once. Currently, the deadline for the contribution is being determined. However, the obligation to pay in installments will take at least five years (payable according to the impact of the works on the real estate).
How much do I need to pay?
It is worth mentioning that although there is no exact value yet, Depends on the commercial value of the property, not the cadastral value.In addition, pOr pay immediately and the amount payable will be reduced by 10%.
The commercial valuation is a true estimate of the property’s market value and is usually used when determining the price at which the property is sold, while the cadastral valuation is an opinion provided to the government for the settlement of taxes. The maximum value of the cadastral valuation is equivalent to 70% of the commercial value of urban properties and 50% of the commercial value of rural properties.
What happens if I don’t pay?
If the taxpayer does not pay the taxes corresponding to his property in any way, the state will pay the full amount of taxes and levies due. The stage of persuasion and interest settlement is about to begin For the entire payment arrears, we will start calculating the arrears of each dormitory at this time.
What will the resources raised be used for?
In this case, the Ministry of Transportation hopes to raise $2.8 billion, which is $500 billion more than the project costs. Although they are charging those who benefit from it, the investment will not be made in the same area.
In Invias, the collecting entity will be responsible, along with other government actors, for determining in which areas of the country the resources will be invested.
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Colombian roads
Courtesy of Juan Carlos Cuervo
Is this a new tax?
This is a special contribution, not a tax. The Department for Transport said the resources raised are essential to increase investment and accelerate projects that seek to develop and bring our regions closer together.
Does this allegation already exist?
It is worth remembering that the National Value Added Contribution (CNV) for the transport sector was created with the enactment of Law 1819 of 2016, subsequently regulated by Decree 1255 of 2022, which established the technical standards that must be met by entities that initiate infrastructure projects.
Will this be done on other roads in Colombia?
In September, the Ministry of Transport will continue social distancing in Cartagena, Santa Catalina, Barranquilla and Puerto de Colombia; Juan de Acosta, Tubala and Piojo; and Galapa, Malambo and Soledad will begin implementation.
However, the application of CNV will also be carried out in other regions such as Antioquia, Eje Cafetero, Cundinamarca, etc., where major works have already been carried out in the main corridors.
Paula Galeano Balaguera
Portfolio Reporter
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