Colombia has issued Decree 214/2014, under which taxpayers qualifying as large taxpayers as of 31 January 2014 (previously, 31 December 2013) must file their income tax returns between 1 March 2014 and 24 April 2014 within the deadlines established by the Decree depending on the last number of their Tax Identification Number. The income tax must be paid in three installments within the deadlines provided by the Decree.
The Decree has also provided regulations regarding the deadlines for filing income tax returns in the case of individuals; “Fairness” tax returns in the case of legal entities resident and non-resident in Colombia as well as permanent establishments; VAT returns; and withholding income tax returns.
