Colombia: Changes to foreign exchange and debt reporting

Resolution No. 000161 will apply to foreign exchange information and foreign debt reports beginning with the first quarter of 2022.

Changes to the foreign exchange information and foreign debt reports

The Directorate of National Taxes and Customs (DIAN) on 24 December 2021 issued Resolution No. 000161 providing various changes to the foreign exchange information and foreign debt reports that must be presented to the DIAN by the foreign exchange market intermediaries (intermediarios del mercado cambiario—IMC), postal services concessionaires that provide postal financial services and clearing account holders.

In particular, the content of the following formats has been modified:

  • Format 1059: Information on the minimum data of exchange operations for imports of goods
  • Format 1061: Information on the minimum data of foreign exchange transactions for foreign indebtedness
  • Format 1062: Information on the minimum data of exchange operations for services
  • Format 1063: Information on external indebtedness granted to residents form No. 6
  • Format 1064: Information on external indebtedness granted to non-residents form No. 7 (only for IMC)
  • Format 1066: This form was known as the “Data clarification report for statistical purposes of exchange declarations Nos. 1, 2, 3 and 5),” which with the current regulation would disappear. Now the 1066 format will be called "information on the modifications of the customs declarations and the values ​​paid to the merchandise,” which must be completed as indicated in the Resolution.
  • Format 1067: Previously the name of this format was the "report of missing data in the declarations of changes 1 and 2,” with the new regulation, the new denomination will be “Information on the legalization of customs declarations and the amounts paid to the goods.” This format must be completed as indicated in the Resolution.
  • Format 1070: known as the “Compensation current account data report” disappears and is replaced by the “Report of absence of operations to report.” This report is a new obligation for all those required to comply with the regulations established by Resolution 161 of 2021.
  • Format 2278: It is a new format called “Information of the minimum data of exceptions to the channeling.” This is a new obligation for all foreign exchange obligors.

Resolution No. 000161 will apply to foreign exchange information and foreign debt reports beginning with the first quarter of 2022.

Read a January 2022 report (Spanish) prepared by the KPMG member firm in Colombia

 

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