On 6 April 2020, Colombia has published Decree 520 regarding the dates for the presentation and payment of the income tax declaration and complementary tax year 2019, of large taxpayers and legal entities, as well as the dates for the presentation of the declaration of assets abroad. The main measures of the decree are:

  • The deadline to file the annual tax return and make the third tax payment for large taxpayers will be from 9 June 2020 to 24 June 2020, depending on the taxpayer’s Tax Identification Number (TIN);
  • The deadlines to file the annual tax return and make the second payment for legal entities will be from 1 June 2020 to 1 July 2020, depending on the taxpayer’s Tax Identification Number (TIN); and
  • The deadlines for filing the annual tax return for assets held abroad will be from 9 June 2020 to 24 June 2020 and for legal entities from 1 June 2020 to 1 July 2020.

Moreover, Tax Authority issues concept 100208221- 411, which explains the scope of Decree 520 of 2020, in relation to the declaration and payment of tax obligations.