Impacto financiero y tributario de la reforma tributaria estructural de 2016 sobre las personas naturales residentes en Colombia

Abstract

Taxation refers to the payment of taxes of natural and legal persons to the State for different aspects; these payments constitute the major part of their income for the execution of social investment projects, infrastructure and administrative expenses of the state. Depending on the development of the economy of a country, it is assessed whether it is necessary to restructure or modify the tax collection, through tax reforms. The government, in its effort to modernize the tax system, adopted the 1819 structural tax reform of 2016, taking into account the simplicity (ease of paying taxes), progressivity (those who earn more pay more) and equity (protection of the payment capacity of the Colombians). This paper will analyze the taxes with respect to natural persons resident before and after the tax reform of 2016, to quantify the financial and tax impact on the declaration of income for natural persons; this work is theoretical in nature and was based on descriptive historical research. The result was that the structural tax reform of 2016 impacts financially and taxably on the income tax to natural persons resident in Colombia.