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Tax CO

DIAN

Also known as: Dirección de Impuestos y Aduanas Nacionales

Definition

DIAN (Dirección de Impuestos y Aduanas Nacionales) is Colombia's tax authority. It administers VAT, withholding tax, ICA and electronic invoicing.

LATAM context

Every Colombian company has a NIT registered with DIAN. Electronic invoicing has been mandatory since 2020. Bank statements support VAT filings, withholding tax and, notably, the 4×1000 tax calculation (Gravamen al Movimiento Financiero).

Concrete example

Every bank transaction in Colombia triggers a 4×1000 withholding (Gravamen al Movimiento Financiero). The monthly VAT filing reconciles against DIAN electronic invoices.

How it shows up on your bank statement

On Colombian statements, DIAN payments show up as debits labeled with the collecting entity and the form number. Right next to them you'll usually see the GMF withheld on the same transaction, as a separate small-value line.

How does finO$ handle this?

finO$ specifically extracts the GMF/4×1000 charge on Colombian statements so your books reflect it correctly.

Related terms

GMF / 4x1000 NIT

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Frequently asked questions about DIAN

How does DIAN relate to my bank statement?

Two ways: tax payments leave your account and get recorded there, and the statement serves as support to reconcile what was filed against what was actually paid. For a company, it's the usual backup in a review.

Do I have to report all my bank accounts?

Reporting requirements depend on the tax regime and the thresholds in force, which change year to year. The practical rule is to keep every account's statements for the period, because reconstructing them later costs far more than filing them on time.