On 13 March 2020, the Colombian Ministry of Finance and Public Credit has published Decree 401 by extending a number of tax filing and payment deadlines due to COVID-19 outbreak. Among the main provisions of the Decree are:

• The deadlines for the payment of income tax and complementary and advance payment, especially for large taxpayers that are commercial air transport companies for passengers, hotels, and those whose main economic activity are theatrical activities, among others, will have a maximum term for pay the second installment of this tax until 31 July 2020, and the third installment until 31 August 2020; Legal entities with the same activities will have a maximum term to pay the first installment of this tax until 31 July  2020, and the second installment until 31 August 2020.
• Those Legal entities that request the link to the “Works for Taxes” tax will be able to present the Income and complementary tax declaration and pay the first installment until 29 May 2020.
• The deadlines to declare and pay the wealth tax, where the declaration must be presented between 28 September and 9 October 2020, as the case may be, and must be paid in two installments: the first must be paid between 12 and 26 May and the second between 28 September and 9 October 2020.
• Those who file the declaration of tax normalization and within the same normalize assets omitted abroad will have a maximum period to file the annual declaration of assets abroad until 25 September 2020. This is an extension to the normal deadline of 14 to 27 April for large taxpayers, and 14 April to 12 May for other taxpayers.