Comparative analysis of the “withholding tax system” for the collection of the income tax in colombia and spain

This study, made at the breeding ground of the Tributary Research SITUQ, develops the “Comparative Analysis of National Taxes and Tributary Law in Colombia and Spain Research” known as the historical frame of taxes in Colombia where the tributary systems are understood, a state-of-the-art tax charac...

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Detalles Bibliográficos
Autores Principales: FAJARDO CALDERÓN, CONSTANZA LORETH, SUÁREZ AMAYA, DORA CECILIA
Formato: Artículo Revisado por Pares Académicos
Lenguaje:Español (Spanish)
Español (Spanish)
Publicado: Universidad Libre 2018
Materias:
Descripción
Sumario:This study, made at the breeding ground of the Tributary Research SITUQ, develops the “Comparative Analysis of National Taxes and Tributary Law in Colombia and Spain Research” known as the historical frame of taxes in Colombia where the tributary systems are understood, a state-of-the-art tax characterization in established, a comparative analysis of differences and similarities is built and is complemented with a withholding tax system analysis in both countries. The effects on them are also analyzed considering the “Kingdom of Spain and Colombia Agreement to avoid double taxation and to prevent fi scal evasion of the Income and Equity Tax”. This article refers to one of the proposed objectives where the basic elements of the system called “Withholding Tax” is achieved., created as an anticipated tax collection mechanism through which obtaining income as the main source for the Public Expenditure of both States is assured. This comparative analysis synthesizes and acknowledges the main characteristics, operation systems and fiscal obligations that the withholding tax system generates for the withholding agents in the development of economic facts not only in Colombia but also in Spain. It also involves the transactions between both countries as an answer to the growing economic opening and the application of an international agreement both for companies, residents, legal and natural persons. This is interesting for the academic and professional community, who may approach the economic and fiscal facts in the competitive environment demanded nowadays.