economy
Court Admits Class Action Lawsuit Against Banks for Delay in Applying 4x1000 Tax Exemption
The Seventh Civil Circuit Court of Bogotá has admitted a class action lawsuit against several financial entities for alleged improper charges of the 4x1000 tax, with the process identified by expediente 2025-00368.
TL;DR
- The Seventh Civil Circuit Court of Bogotá has admitted a class action lawsuit against several financial entities.
- The lawsuit alleges that banks failed to automatically apply the 4x1000 tax exemption from the 2022 tax reform.
- Plaintiffs claim banks did not automate the benefit by the legal deadline, continuing to charge the tax improperly.
- The exemption applies to individuals with monthly financial movements below $17.4 million.
- Some users may have lost up to $800,000 annually due to these alleged improper charges.
- The lawsuit names major banks like Bancolombia, Banco de Bogotá, Davivienda, BBVA, Banco Agrario, and Scotiabank Colpatria, as well as digital entities and cooperatives.
- The court has ordered notifications to public entities, including the Financial Superintendence, DIAN, and Ministry of Finance.
- The process is being handled under Law 472 of 1998, concerning collective actions.
- Public announcements will be made in national media to inform potentially affected individuals.
- The admission of the lawsuit does not constitute a final decision on the banks' responsibility.