The national tax authority (DIAN) announced certain tax relief measures in response to the coronavirus (COVID-19) pandemic.
Among the tax relief measures:
The national tax authority (DIAN) suspended the processing and administrative actions regarding tax, customs, and exchange matters, from 19 March 2020 to 3 April 2020. Some local tax authorities have also suspended the processing and administration of tax matters.
Concerning customs duties, for a six-month period, a 0% customs duty rate will apply on imports of medicines and medical equipment and on imports of cargo using air transport. The exportation and re-exportation of certain goods needed in response to the COVID-19 emergency are prohibited during the six-month period.
As a consequence of COVID-19, all administrative proceeding deadlines related to customs procedures before the customs authority are suspended. This suspension covers the period between 19 March 2020 and 3 April 2020.
For more information, contact a KPMG tax professional in Colombia
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