On 13 May 2020, the Colombian Ministry of Finance and Public Credit has published Decree 655 by which the payment of the second installment of income tax has been extended until November 2020 for micro, small and medium-sized enterprises (MSMEs) due to COVID-19 pandemic. The second installment will be paid between 9 November and 7 December 2020 according to the last two digits of the taxpayer’s Tax Identification Number (TIN).
It is important to note that the filing deadline that is in force between 1 June to 1 July 2020 (established by Decree 520 of 2020), has not been modified.
