Do pensioners have to file income tax returns in 2025? The reform is very clear on this matter: learn the details of the measure.
Every year, a large portion of Colombians must report their income, expenses, and investments for the previous year. This process, which reviews the individual's financial transactions, is known as the income tax return.
It's important to know that taxpayers who exceed the legal thresholds are required to file income tax returns, regardless of whether they are retired or not.
Cash and credit card use influence whether or not you have to pay your rent. Photo: EL TIEMPO
- Annual gross income equal to or greater than $69,718,600.
- Gross assets equal to or greater than $224,095,500 as of December 31, 2024.
- Credit card expenditures equal to or greater than $69,718,600.
- Total value of purchases and consumption equal to or greater than $69,718,600.
- Total accumulated value of bank deposits, deposits or financial investments equal to or greater than $69,718,600.
Furthermore, as has been known for some time, a new pension reform is imminent. The adjustments, which take effect on July 1, 2025, include modifications for retirees receiving high pensions.
The recently approved law establishes that pensions above the threshold of one thousand Tax Value Units (UVT) per month, i.e., 49,799,000 annually based on the 2025 value, will be required to file a tax return.
Diann is the entity that sets the UVT. Photo: iStock / Dian
If you are a pensioner and the monthly amount you receive is more than 3,600,000 euros, the adjustment applies to you, since if the calculations are made over the 12-month period, analyzing the twelve months of the year, the limits set for the current year would be exceeded.
According to former DIAN director Lisandro Junco, the measure will represent a significant tax burden for certain retirees, but especially for those who receive pensions above 6 million per month.
Higher-income pensioners will see an increase in this tax. Photo: iStock
If you were unaware of the change in the filing and payment requirements, you have plenty of time to do so, according to the deadlines established by the Dian.
According to the tax calendar, the official filing period covers a period of more than two months and is between August 12 and October 24, 2025.
Please note that tax compliance is based on the last two digits of the Taxpayer Identification Number (TIN) for legal entities. For natural persons, their national identification number is taken into account. This also applies to pensioners.
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