Due to the Coronavirus crisis, the Colombian Government passed the Decree 435 of 2020 to establish new filing due date for Income Tax, Value Added Tax ("VAT") and National Consumption Tax ("INC”).
Due to the public health crisis and adverse economic effects caused by the Coronavirus, the National Government passed on March 19, Decree 435 to establish new filing due dates for Income Tax.
Likewise, it established special due dates for paying the Value Added Tax (“VAT”) for the two-month period March-April 2020, for the four-month period January-April 2020 and for the National Consumption Tax ("INC") for the two-month period March-April 2020.
1. Income Tax for large taxpayers (“Grandes Contribuyentes”)
The new dates for filing and paying the second instalment of 2019 taxable year begin on April 21,2020 and ends on May 5, 2020:
|
|
Filing and payment of the second instalment |
|
|
Last digit of the Tax ID |
Prior Date |
Due date amended by Decree 435 |
|
0 |
14 April 2020 |
21 April 2020 |
|
9 |
15 April 2020 |
22 April 2020 |
|
8 |
16 April 2020 |
23 April 2020 |
|
7 |
17 April 2020 |
24 April 2020 |
|
6 |
20 April 2020 |
27 April 2020 |
|
5 |
21 April 2020 |
28 April 2020 |
|
4 |
22 April 2020 |
29 April 2020 |
|
3 |
23 April 2020 |
30 April 2020 |
|
2 |
24 April 2020 |
4 May 2020 |
|
1 |
27 April 2020 |
5 May 2020 |
2. Surcharge for Financial Institutions
Decree 401 of March 13, 2020, initially added a paragraph to Section 1.6.1.13.2.11 of the Decree 1625 of 2016 and established certain deadlines for financial institutions qualified as large taxpayers, to pay an advancement of the surcharge calculated upon 2019 taxable income.
However, Decree 435 established new deadlines for the payment of the surcharge’s first installment:
|
|
Surcharge’s first installment (50%) |
|
|
Last digit of the Tax ID |
Prior Date |
Date amended by Decree 435 |
|
0 |
14 April 2020 |
21 April 2020 |
|
9 |
15 April 2020 |
22 April 2020 |
|
8 |
16 April 2020 |
23 April 2020 |
|
7 |
17 April 2020 |
24 April 2020 |
|
6 |
20 April 2020 |
27 April 2020 |
|
5 |
21 April 2020 |
28 April 2020 |
|
4 |
22 April 2020 |
29 April 2020 |
|
3 |
23 April 2020 |
30 April 2020 |
|
2 |
24 April 2020 |
4 May 2020 |
|
1 |
27 April 2020 |
5 May 2020 |
It is important to note that the deadlines set for the second installment remain unchanged.
3. Foreign assets report
The Decree 435 also amended the deadlines rto file the annual foreign assets report for large taxpayers and legal entities:
|
|
Large Taxpayers |
|
|
Last digit of the Tax ID |
Prior Date |
Date amended by Decree 435 |
|
0 |
14 April 2020 |
21 April 2020 |
|
9 |
15 April 2020 |
22 April 2020 |
|
8 |
16 April 2020 |
23 April 2020 |
|
7 |
17 April 2020 |
24 April 2020 |
|
6 |
20 April 2020 |
27 April 2020 |
|
5 |
21 April 2020 |
28 April 2020 |
|
4 |
22 April 2020 |
29 April 2020 |
|
3 |
23 April 2020 |
30 April 2020 |
|
2 |
24 April 2020 |
4 May 2020 |
|
1 |
27 April 2020 |
5 May 2020 |
|
|
Legal entities |
|
|
Last two digits of the Tax ID |
Prior Date |
Date amended by Decree 435 |
|
96 al 00 |
14 April 2020 |
21 April 2020 |
|
91 al 95 |
15 April 2020 |
22 April 2020 |
|
86 al 90 |
16 April 2020 |
23 April 2020 |
|
81 al 85 |
17 April 2020 |
24 April 2020 |
|
76 al 80 |
20 April 2020 |
27 April 2020 |
|
71 al 75 |
21 April 2020 |
28 April 2020 |
|
66 al 70 |
22 April 2020 |
29 April 2020 |
|
61 al 65 |
23 April 2020 |
30 April 2020 |
|
56 al 60 |
24 April 2020 |
4 May 2020 |
|
51 al 55 |
27 April 2020 |
5 May 2020 |
|
46 al 50 |
28 April 2020 |
6 May 2020 |
|
41 al 45 |
29 April 2020 |
7 May 2020 |
|
36 al 40 |
30 April 2020 |
8 May 2020 |
|
31 al 35 |
4 May 2020 |
11 May 2020 |
|
26 al 30 |
5 May 2020 |
12 May 2020 |
|
21 al 25 |
6 May 2020 |
13 May 2020 |
|
16 al 20 |
7 May 2020 |
14 May 2020 |
|
11 al 15 |
8 May 2020 |
15 May 2020 |
|
06 al 10 |
11 May 2020 |
18 May 2020 |
|
01 al 05 |
12 May 2020 |
19 May 2020 |
4. Income tax for other legal entities
The new due dates to file the return and pay the first installment of the 2019 Income Tax for other legal entities and taxpayers under the Special Tax Regime, other than those qualified as Large Taxpayers, begin on April 21, 2020 and end on May 19, 2020:
|
|
Tax return and payment of the first installment |
|
|
Last two digits of the Tax ID |
Prior Date |
Date amended by Decree 435 |
|
96 al 00 |
14 April 2020 |
21 April 2020 |
|
91 al 95 |
15 April 2020 |
22 April 2020 |
|
86 al 90 |
16 April 2020 |
23 April 2020 |
|
81 al 85 |
17 April 2020 |
24 April 2020 |
|
76 al 80 |
20 April 2020 |
27 April 2020 |
|
71 al 75 |
21 April 2020 |
28 April 2020 |
|
66 al 70 |
22 April 2020 |
29 April 2020 |
|
61 al 65 |
23 April 2020 |
30 April 2020 |
|
56 al 60 |
24 April 2020 |
4 May 2020 |
|
51 al 55 |
27 April 2020 |
5 May 2020 |
|
46 al 50 |
28 April 2020 |
6 May 2020 |
|
41 al 45 |
29 April 2020 |
7 May 2020 |
|
36 al 40 |
30 April 2020 |
8 May 2020 |
|
31 al 35 |
4 May 2020 |
11 May 2020 |
|
26 al 30 |
5 May 2020 |
12 May 2020 |
|
21 al 25 |
6 May 2020 |
13 May 2020 |
|
16 al 20 |
7 May 2020 |
14 May 2020 |
|
11 al 15 |
8 May 2020 |
15 May 2020 |
|
06 al 10 |
11 May 2020 |
18 May 2020 |
|
01 al 05 |
12 May 2020 |
19 May 2020 |
It is important to note that the deadlines set for the second installment remain unchanged.
5. Sales Tax ("VAT")
June 30, 2020 is the new deadline established to pay the VAT return for the two-month period from March to April 2020 and the four-month period from January to April 2020. The above applies only to those who carry out the following activities:
|
CIIU CODE |
DESCRIPTION |
|
5611 |
Distribution of prepared meals |
|
5613 |
Distribution of prepared food or meals |
|
5619 |
Other kind of prepared food distribution |
|
5630 |
Alcoholic beverages dispensed for consumption within a commercial establishment |
|
7911 |
Travel agency activities |
|
7912 |
Tour operator activities |
6. National Consumption Tax
June 30, 2020 is the new deadline established to pay the National Consumption Tax return for the two-month period from March to April 2020 The above applies only to those who carry out the following activities:
|
CIIU CODE |
DESCRIPTION |
|
5611 |
Distribution of prepared meals |
|
5613 |
Distribution of prepared food or meals |
|
5619 |
Another kind of prepared food distribution |
|
5630 |
Alcoholic beverages dispensed for consumption within the establishment |