The fine that the Dian charges a pensioner who does not declare income: it starts at $524,000 and can skyrocket

TL;DR

Colombian pensioners must declare income to the Dian if they exceed specific thresholds for gross assets ($224,095,500) or total income ($69,718,600).
The obligation also extends to credit card spending, total purchases, bank deposits, and investments reaching $69,718,600.
Failing to declare on time incurs a penalty of 5% of the tax owed per month of delay.
If no tax is owed, penalties are calculated at 0.5% of gross income or 1% of net worth monthly.
The minimum penalty for 2026 is $524,000 (10 UVT), applicable regardless of tax liability.
Not filing a declaration at all can result in a sanction of up to 20% of gross income.
Inaccuracies or errors in the declaration can lead to sanctions of 100% of the difference between the declared and determined tax amounts.
Pensioners are advised to verify if they meet any declaration thresholds, as the status of being retired does not automatically exempt them.

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