On 20 December 2021, the Colombian Ministry of Finance and Public Credit has issued Decree 1778 specifying the deadlines for filing and payment of the tax return (declaration) in 2022 and the deadline for transfer pricing (TP) documentation, including local/master file and CbC reports. Some of the key deadlines for companies depend on the last digits of the taxpayer’s tax number (NIT).

The deadline for informative transfer pricing returns and Local files (if applicable) is 7 September to 20 September 2022. The deadline for CbC reports (if applicable) is between 12 December to 26 December 2022, and the Master file ((if applicable) is between 12 December to 23 December 2022.

For large taxpayers, the 1st income tax payment deadline is between 8 February and 21 February 2022, the return and 2nd payment deadline are between 7 April and 22 April 2022, and the 3rd payment deadline is between 7 June and 21 June 2022. For other taxpayers, the return and initial payment deadline are between 7 April and 6 May 2022, and the second payment deadline is between 8 July and 22 July 2022.

The deadline for the return of foreign assets is: (i) for large taxpayers from 7 April to 22 April 2022, (ii) for other legal entities from 7 April to 6 May 2022, and (iii) for natural persons from 9 August to 19 October 2022.

The deadline for large financial institutions that are subject to the surtax: (i) the 1st installment payment deadline is from 7 April to 22 April 2022, and (ii) the 2nd installment payment deadline is from 7 June to 21 June 2022. The deadline for other financial institutions that are subject to the surtax, the 1st installment payment deadline is from 7 April to 6 May 2022, and the 2nd payment deadline is from 8 July to 22 July 2022.