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International accounting standards for health sector

The technical Council the accounting public as the Government agency of technical standardization of accounting rules, financial reporting and assurance of information, serving as provided in article 6 and 8 of the 1314 Act of 2009 and the regulatory decree 3567 of 2011, proceeds to answer a query.


“(…) I go to his office worthy, in respectful and restrained, in order to ask you, they serve have to whom it may concern, provide guidance to the E.S.E. in relation to what is the group which belongs to the entity I represent, with regard to the application of the VAT (sic), in order to give a proper application of the technical regulatory framework for financial information.

The present request is formulated, since that is the responsibility of the national Superintendence of health check compliance with the rules on the implementation of the VAT (sic) in the health sector.

In addition to the above, must take into account that the past February 27, 2013, arrived via mail, letter Circular No 000001 from February 14, 2013, emanating from the SUPERHEALTH, informing that the entities that are classified within Group 1 and subject to its supervision, should prepare and submit a Plan of implementation of the financial information – NIF with Xero bookkeeper kent street – rules but do not notice the quoted mail If in the particular case of the E.S.E. Hospital Niño Jesús de Barranquilla, belongs to this group, or if this is required or not to report the information that concerns the issue of yore (…) “.”


Within the purpose and stated, the responses of the technical Council of the public accounting are general and abstract, since its mission is not to solve specific problems that apply to a particular case.

The that Jesus child Hospital in Barranquilla, to identify whether it belongs or not to group 1, you must validate if it complies with the criteria referred to in article 1 of the Decree 2784 of 2012, namely:

“a. issuers of securities: entities that have securities listed on the national register of securities and issuers – RNVE – in finish them (sic) article 2010 Decree 2555;”

b. entities of public interest;

c. entities that are not in the preceding subparagraphs and comply with the following parameters:

1 plant of more than two hundred (200) workers personnel, or

2. total assets exceeding 30,000 monthly legal minimum wages in force (SMLMV), and

3. complying with any of the following requirements:

i. be subordinate or branch of a foreign company applied IFRS full;

II. be subordinate or parent of a national company that must apply IFRS full;

III. be matrix, associate or joint venture of one or more foreign entities that apply full IFRS.

IV. to carry out imports or exports representing more than fifty percent (50%) of purchases or sales respectively.

For the purposes of the computation of the values stated in the literal c.1., c.2, and c.3 iv, will be considered the separate economic entity parameters corresponding to the second year immediately prior to the exercise which is reported…”

We cannot establish this response group belongs the entity, since it is not provided more information in the consultation, and the determination of the groups is not necessarily tied to the development of a specific activity.

Note: Second year immediately prior to the exercise which is reported, means December 31, 2013, since according to paragraph 8 of article 3 of the above-mentioned Decree, the reporting date for the Group 1 entities corresponds to the December 31, 2015. Therefore, if it is required to classify the company prior to the closing of the year 2013, be should be projected figures and based on this information, proceed to determine the group, taking into account that the final data will be which really present the company through December 31, 2013.

In the above terms is acquitted the inquiry, stating that to do so, this body observed by the information submitted by the consultant and the effects of this writing are those laid down in article 25 of the administrative code; its content does not compromise the responsibility of this body, does not have binding force, does not constitute administrative act and against it not applicable recourse.