LATAM-COL Magnetic Media for Bogota district (External third-party reports)
When generating electronic yearly fiscal reports for Colombia the District Magnetic Media is a must for the majority of companies. As of now Only National magnetic media has been partially released but is important to have available as well the electronic reports that build the XML for the "Sc...
LATAM-COL Vendor equivalent document report
Colombia companies must issue a "Vendir Equivalent document" for certain vendors that meets requirements and it is not mandatory to issue an invoice.
https://www.dian.gov.co/impuestos/Paginas/Sistema-de-Factura-Electronica/Documento-Soporte-Adquisiciones-No-Obligados.aspx
LATAM-COL Customer Invoice Format
Colombia Invoice format (Beyond the XML-Electronic Invoice), requires certain criteria to be fiscal-legally accepted.
- Invoice should include Invoice resolution legend tied to an editable field that allows to update each time a new resolution is issues by the fiscal autho...
STATUS DETAILSNew
LATAM-COL Vendor Withholding report
When recording Vendor invoices (as well as payroll), tax withholding is mandatory in the majority of the transactions. Once the year finishes company must issue a Withholding certificate that vendors and employees must use to file their personal taxes (legal requirement).
The ...
LATAM-COL Include Intercompany transactions on Magnetic Media electroni reporting
MS has developed Electronic reports for Colombia Magnetic media.
But when intercompany transactions are performed these are not included in the LATAM Tables/records hence, they are not included in these reports.
The suggestion is to include intercompany transa...