Retención en la fuente sobre ingresos laborales procedimiento 1

Abstract

Labor income in Colombia is subject to withholding tax (withholding tax on wages). It applies when a natural person earns income under an employment, legal and regulatory relationship, entity or company that pays for the provision of its service in a personal way and is determined through two procedures that the employer can apply according to the needs of each employee. According to article 383 of the Tax Statute, the withholding tax on labor income is based on a tax base equivalent to or greater than 95 UVT, with a gradual rate according to the amount of salary subject to withholding tax at the source. The present paper gives an account of an applied year in which the concept and methodology for settling the withholding tax on labor income is extended in ccordance with procedure number one and in accordance with current tax rules.