Colombia: Tax relief provisions (Bogotá)

Colombia: Tax relief provisions (Bogotá)

The tax authority of Bogotá district in March 2021 modified the tax calendar for 2021 in an effort to simplify and facilitate the rules for compliance with tax obligations as a response to the coronavirus (COVID-19) pandemic.

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Under these relief provisions, “common regime taxpayers” with tax not exceeding a threshold amount and withholding agents are to file returns on a bimonthly schedule. For other taxpayers, the return will be filed annually.

Taxpayers qualifying under a preferential regime are to file their annual returns for the tax year 2021 no later than 4 February 2022.

Other relief measures concern the unified property tax; the related return must be filed and the property tax paid no later than 23 July 2021. Regarding residential and non-residential properties, there may be a discount of 10% for timely payments of the tax. Under an alternative payment system, the return is due 31 May 2021, with the tax to be paid in four equal installments.

With regard to the tax on vehicles registered in Bogotá, the tax must be declared and paid no later than 27 August 2021. A 10% discount is available if the tax is remitted on or before certain designated dates.
 

Read a March 2021 report (Spanish) prepared by the KPMG member firm in Colombia

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