Analysis of income tax collection in Colombia, period 2018-2021 Análisis del recaudo del impuesto de renta personas naturales en Colombia, periodo 2018-2021

Abstract

The present research study aims to analyze the evolution of income tax collection from individuals in the periods 2018-2021 based on the changes of the tax reform. To develop the research, information was originally reviewed from Articles in digital databases and official websites of entities such as Dian, public function, National Planning Department (DNP), GENERAL DIRECTION OF MACROECONOMIC POLICY (DGPM), it was obtained the income tax collection for individuals for the taxable year 2018 was 1.2 billion, 2019 was 2.4 billion, 2020 was 2.49 billion and for 2021 2.79 billion; in the period 2020 a fall in the income of companies and households was evidenced due to post pandemic effects, and in the period 2021 second year of pandemic, the tax collection increased Therefore, it is necessary to highlight the tax collection carried out in Colombia at the end of 2021, when the country granted benefits to face the economic crisis initiated by the epidemic, concluding that Colombia is catalogued as an unstable country in fiscal matters, because the purpose of each government has been to correct the budget deficit and obtain more resources for state financing. Due to constantly changing regulations, tax planning actually suffers and ultimately leads to paying higher taxes to individuals or wasting the tax benefits created by the system. The Colombian tax system year after year aims to achieve more tax collection in order to clarify and facilitate the tax system, as well as create a mechanism to combat tax evasion, in order to have an efficient system. Fair taxes promote economic growth and recognize companies as entities that generate employment, competitiveness and welfare.