Colombia: Transitional regime for voluntary correction of tax breaches, including invoicing errors
Transitional regime allows taxpayers to correct eligible formal tax errors by no later than April 30, 2026.
The Colombian Tax Authority (CTA) has published a draft resolution developing rules applicable to omissions of the requirement to invoice or the issuance of invoices that do not meet legal requirements. This is pursuant to Article 5 of Decree 240 of 2026, which establishes a transitional regime for certain formal breaches in tax, customs, and exchange matters (read TaxNewsFlash).
This transitional regime allows taxpayers and other obligated parties to willingly correct eligible formal tax errors by no later than April 30, 2026. To take advantage of this opportunity, the taxpayer must remedy the breach and make a payment of either 3% of gross income reported in the 2024 income tax return or 2% of gross assets held as of December 31, 2025, if not required to file an income tax return. The penalty is capped at 1,500 UVT (approximately US$21,440) and has a minimum of 10 UVT (approximately US$143).
The program excludes breaches related to the failure to file tax returns, transfer pricing obligations, and any validation of income, costs, deductions, or creditable taxes reported in tax returns.
The draft resolution specifically focuses on invoicing-related breaches, requiring the declaration of non-invoiced or improperly invoiced operations and their electronic transmission under a special contingency for this voluntary correction process.
Read an April 2026 report prepared by the KPMG member firm in Colombia