Colombia: Relief from interest and penalties for late payments of tax (COVID-19)
The relief is also available for value added tax (VAT) and tax withholding.
Late payments of tax (COVID-19)
The tax authority (DIAN) issued Resolution 000126 of 2021 establishing a temporary relief mechanism regarding interest and penalties for late payments of tax.
DIAN Concept No. 100208192-415 (5 November 2021) clarifies certain areas regarding the interpretation and application of this relief. In general, for tax payments that are late as of 30 June 2021 (because of the economic consequences of the coronavirus (COVID-19) pandemic), taxpayers must make a payment or an arrangement to pay the amount by a 31 December 2021 deadline.
The relief is also available for value added tax (VAT) and tax withholding.
Read a November 2021 report (Spanish) prepared by the KPMG member firm in Colombia
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.