On 23 December 2019, Colombian tax authority (DIAN) has published Decree No. 2345 specifying the deadlines for filing and payment of the tax return (declaration) for 2020 and the deadline for transfer pricing (TP) documentation, including local/master file and CbC reports. Some of the key deadlines for companies that depend on the last digits of the taxpayer’s tax number (NIT).
For large taxpayers, the 1st tax payment deadline is between 11 February and 24 February 2020, the return and 2nd payment deadline is between 14 April and 27 April 2020, and the 3rd payment deadline is between 9 June and 24 June 2020. For other taxpayers, the return and initial payment deadline is between 14 April and 12 May 2020, and the 2nd payment deadline is between 9 June and 24 June 2020.
The deadline for the return of foreign assets is for large taxpayers from April 14 to April 27, 2020 and for other taxpayers from April 14 to May 12, 2020. The deadline for informative transfer pricing returns and Local files is 7 July to 21 July 2020. The deadline for Master file and CbC reports is 10 December to 23 December 2020.
