Extension of the term to provide information of the Beneficial Owners in
the Sole Registry of Beneficial Owners -RUB-
The Colombian Tax Authority issued Resolution 1240 of September 28, 2022, modifying Resolution 164 of 2021 to extend the term to provide beneficial owners’ information in the RUB until July 31, 2023, to those entities obliged, established or created up to May 31, 2023.
If the obliged entity is created from June 1, 2023, onwards, it must provide the information of the beneficial owners within the two months following: (i) the registration in the Colombian Tax Registry (“RUT” for its acronym in Spanish) or (ii) the registration in the System of Identification of Structures without Legal Status (“SIESPJ” for its acronym in Spanish) or (iii) at the time of acquiring the reporting obligation in the RUB, whatever occurs first.
On the other hand, structures without legal status created until May 31, 2023, that are not obliged to register in the RUT must register in the SIESPJ no later than July 31, 2023. If said structure was created from June 1 of 2023 onwards, it must be registered in the SIESPJ within the month following its creation.
This resolution also modified the Technical Annex of Resolution 164 of 2021 to adjust the technical specifications of the forms in which the information of the beneficial owners must be reported.
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Author: Juan Fernando Díaz I fdiaz@lloredacamacho.com I Tax Law