The reporting of exogenous information is a key process that, under various circumstances, must be fulfilled by companies and individuals, whether or not they are taxpayers of the Industry and Commerce Tax in Bogotá, withholding agents of this tax, subjects of such withholdings, and others. This tax obligation is essential to ensure transparency and the correct reporting of economic activities to the tax authorities.

What is Exogenous Information?

Exogenous information is the set of data that obligated parties must report to the District Treasury Department of Bogotá about their economic, financial, and commercial operations. These reports allow authorities to conduct effective tax control and detect potential tax evasion.

Filing Deadlines

For 2024, the deadlines for filing exogenous information in Bogotá are clearly established, and it is crucial to comply with them to avoid penalties. Responsible parties must submit the corresponding information between August 20 and 30, 2024, according to the last digit of their ID or Tax ID Number (NIT):

It is important to be mindful of these deadlines and prepare all necessary documentation in advance.

Filing Method

Exogenous information must be submitted in magnetic media, following the formats and technical specifications established by the District Treasury Deparment. Ensuring that the reports meet all technical requirements is crucial to avoid rejections and possible penalties. The filing method includes:

1. XML Files: This is the standard format required for most reports.

2. Digital Signatures: All documents must be digitally signed to ensure their authenticity and validity.

3. Online Platform: Submission is made through the platform enabled by the District Treasury Deparment, where the corresponding files must be uploaded.

Consequences of Non-Compliance

Failure to submit exogenous information by the established deadlines can result in significant financial penalties and other legal inconveniences. Fines for omission or late submission can severely impact the finances of a company or individual. Additionally, non-compliance can lead to tax investigations and audits.

At BéndiksenLaw, we understand the importance of complying with all tax obligations to avoid penalties and ensure peace of mind for our clients. Our team of tax law experts is ready to advise and assit your company throughout the exogenous information filing process.

Don’t let tax obligations catch you by surprise. Contact BéndiksenLaw for personalized advice and ensure compliance with exogenous information filing in Bogotá.