{"id":1192,"date":"2022-02-25T18:23:03","date_gmt":"2022-02-25T23:23:03","guid":{"rendered":"https:\/\/locationco.pixelpro.website\/?page_id=1192"},"modified":"2023-05-19T08:59:01","modified_gmt":"2023-05-19T13:59:01","slug":"payment-of-taxes-with-the-cina","status":"publish","type":"page","link":"https:\/\/location.pixelpro.one\/en\/incentives\/payment-of-taxes-with-the-cina\/","title":{"rendered":"PAYMENT OF TAXES WITH THE CINA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1192\" class=\"elementor elementor-1192 elementor-414\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-b9291bf elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle ae-bg-gallery-type-default\" data-id=\"b9291bf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0e593f ae-bg-gallery-type-default\" data-id=\"e0e593f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-24dc41e elementor-section-full_width elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"24dc41e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8476d98 ae-bg-gallery-type-default\" data-id=\"8476d98\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b4dc99 elementor-widget elementor-widget-heading\" data-id=\"6b4dc99\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Jungle<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ae_slider elementor-section elementor-top-section elementor-element elementor-element-4f5acee elementor-section-boxed elementor-section-height-default elementor-section-height-default ae-bg-gallery-type-default\" data-id=\"4f5acee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_ae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8291a08 ae-bg-gallery-type-default\" data-id=\"8291a08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cee11b3 elementor-widget elementor-widget-text-editor\" data-id=\"cee11b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The process of negotiation and use of the CINA incentive divides into two parts: the sale that the foreign producer makes of the CINA &#8211; usually through a brokerage company &#8211; and the use that the Colombian beneficiary who acquires the CINA makes of it for the payment of taxes.<\/p><p>This process will be shown below:<\/p><p><strong>1. ISSUANCE OF THE CINA<br \/><\/strong>The Ministry of Culture issues the CINA in the name of the foreign producer through the DECEVAL system, which administers a quota with the amount to be issued annually. This issuance is non-materialized, so a physical title is not issued.<\/p><p><strong>2. RECEIPT OF THE CINA BY THE BROKER-DEALER OR OTHER DIRECT DEPOSITOR<br \/><\/strong>The foreign producer beneficiary of the CINA must previously bind itself with a brokerage company, or with another entity that represents it, which acts as a direct depositor for the reception, administration and sale in the secondary market.<\/p><p>The foreign producer may open an investment account in the DECEVAL securities depository in the following two ways:<\/p><ul><li>Through the association with a brokerage firm, who will carry out such opening.<\/li><li>By carrying out the process of accreditation of expenses through Proim\u00e1genes Colombia, attaching the document of connection with the brokerage firm. In this case, the Ministry of Culture may perform the procedure for opening the &#8220;investor account&#8221; before the DECEVAL securities depository.<p>This way, at the moment of the issuance of the CINA, the foreign producer may transfer it to his &#8220;investment account&#8221;.<\/p><\/li><\/ul><p><strong>3. SALE OF THE CINA (FOREIGN PRODUCER)<br \/><\/strong>The foreign producer sells the CINA to individuals or legal entities that file income tax returns in Colombia in the secondary market, through a brokerage company, by negotiation in the transactional system (Master Trader).<\/p><p><strong>4. PURCHASE OF THE CINA (COLOMBIAN BENEFICIARY)<br \/><\/strong>Any natural or legal person filing income tax returns in Colombia may be the buyer of the CINA.\u00a0<\/p><p>Colombian producers may purchase the CINA from the foreign producer. They can make this purchase by negotiation in the secondary market or through an over-the-counter purchase and sale. Afterwards, the Colombian beneficiary may sell the CINA again to individuals or legal entities filing income tax returns in Colombia or may use it for the payment of this tax.\u00a0<\/p><p>If the Colombian beneficiary intends to use it, they must request the stockbroker to change the depositor to a bank that can perform such operation.<\/p><p>At the moment, this payment can only be made at Bancolombia or GNB Sudameris (corporate branches). For a list of offices nationwide that accept payment of taxes with CINA, see the <a href=\"https:\/\/location.pixelpro.one\/wp-content\/uploads\/2022\/12\/tax-payment-with-the-cina.pdf\" target=\"_blank\" rel=\"noopener\">Annex<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Jungle The process of negotiation and use of the CINA incentive divides into two parts: the sale that the foreign producer makes of the CINA &#8211; usually through a brokerage company &#8211; and the use that the Colombian beneficiary who acquires the CINA makes of it for the payment of taxes. This process will be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":1187,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/pages\/1192"}],"collection":[{"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/comments?post=1192"}],"version-history":[{"count":0,"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/pages\/1192\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/pages\/1187"}],"wp:attachment":[{"href":"https:\/\/location.pixelpro.one\/en\/wp-json\/wp\/v2\/media?parent=1192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}