On 10 April 2020, Colombia has published Decree 535 regarding the abbreviated procedure of return and/or compensation of balances in favor of taxpayers of income and complementary tax and of sales tax (VAT), within the framework of the state of economic, social and ecological emergency.
Taxpayers who are not classified as high risk in tax matters will be authorized to return and/or offset balances in favor, through an abbreviated procedure within 15 days following the date of submission of the request for return and/or compensation in a timely manner and in due form. For these purposes, it will not be necessary to attach the list of costs, expenses and deductions for the processing of requests for return and / or compensation in income and complementary taxes. However, a statement must be presented within 30 calendar days following the lifting of the COVID-19 pandemic.
