On 16 December 2022, the Colombian Ministry of Finance Published Decree 2487 specifying the deadlines for filing and payment of the tax return (declaration) in 2023 and the deadline for transfer pricing (TP) documentation. Some of the key deadlines for companies depend on the last digits of the taxpayer’s tax number (NIT number).

Transfer pricing information and supporting documents return

The deadline for informative transfer pricing returns and Local files for the taxable year 2022 is 7 September to 20 September 2023. The deadline for CbC reports for the taxable year 2022 is between 11 December to 15 December 2023, and the Master file is between 11 December to 22 December 2023.

Tax return and payment for legal entities

The return and initial installment payment deadline is between 10 April to 8 May 2023, and the second installment payment deadline is between 7 July to 21 July 2023.

Income tax and complementary taxpayers qualified as Large Taxpayers

Natural, legal or similar persons, taxpayers of the Special Tax Regime and other entities classified by the DIAN as Large Taxpayers for the year 2023, the 1st installment payment deadline is between 7 February to 20 February 2023, the return and second payment deadline are between 10 April to 21 April 2023, and the 3rd payment deadline is between 7 June to 22 June 2023.

The deadline for large financial institutions that are subject to the surtax, the first installment payment deadline is between 10 April to 21 April 2023, and the second installment is between 7 June 7 to 22 June 2023.

The annual return of foreign assets

The deadline for the return of foreign assets is: (i) for large taxpayers from 10 April to 21 April 2023, (ii) for other legal entities from 10 April to 8 May 2023, and (iii) for natural persons from 9 August to 19 October 2023.