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A few days ago, the Bogota mayor’s office launched a new strategy to reduce the level of delinquent taxes and access resources at a time when the city is facing a spending crunch due to high debt levels. Attention to the pandemic has been focused through a series of relief measures and incentives for people to pay.
According to the district treasurer, this benefit applies to Taxpayers and citizens with tax and non-tax debts in Bogota will be able to save 80% of interest and penalties by paying 100% of the taxes owed.
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“This is possible thanks to the tax breaks approved for 2024 in the ‘Walk Safely in Bogotá’ development plan,” explains the head of the agency, Ana María Cadena, while warning that each case must be studied to find the best beneficial solution both for taxpayers and for the city.
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Clear requirements
As soon as the campaign was launched, one of the most common questions asked by Bogota residents was the requirements and procedures that must be met to obtain these benefits, because although it seeks to benefit as many debtors as possible, you must meet specific requirements to benefit.
In this sense, it must be said that tax relief covers a variety of For taxpayers in the collection phase, obligations include property or vehicle taxes for the years 2020, 2021 and 2022, as well as ICA and other taxes owed between March 12, 2020 and June 30, 2022.
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In addition, it also covers taxpayers who have outstanding obligations as of June 12, 2024, if the Ministry of Finance has not yet issued a formal solution or has issued a formal solution but the solution is not yet final.
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Non-tax obligations
For this line, it is important to clarify that non-tax obligations are debts owed to the District Secretariat and/or the Local Mayor’s Office before June 30, 2022, due to the use of goods and services or due to sanctions and fines. It is worth noting that for traffic fines and obligations For the Health Fund, the exemption must be applied for separately to the Mobility Secretariat and the Health Secretariat.
According to calculations of the Regional Fiscal Secretariat (SDH), this tax relief could benefit more than 1,105,000 taxpayers, covering nearly 2,778,934 obligations, opening up space for taxpayers to regularize their tax situation and avoid greater penalties or interest, thus contributing to improving tax collection and compliance with the District’s fiscal obligations.
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Those who wish to take advantage of this program can choose from two payment options:on the one hand, cancelling 100% of the obligations and the resulting 20% penalties and interest, which must be completed before December 13, 2024; due to the sanctions that have been established, the interest can be significantly reduced.
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The second is the convenience of payment, which only applies to tax debts at the collection stage. The deadline to benefit from this facility is October 15, 2024.
Those who meet these requirements must complete and sign the form available on the website and attach a copy of the debtor’s citizenship card. The Regional Finance Secretariat has now made the application available on its website for those interested in finding out if they are eligible. Beneficiaries of tax relief may seek appropriate advice.
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