On February 19, Colombia’s National Tax and Customs Direction (DIAN, for its acronym in Spanish) launched a public consultation on a draft decree envisaging a form for people to pay their tax obligations for the year 2020. The document is for taxpayers paying income and supplementary taxes. Those interested in sending their comments on the proposal will have time to do it until February 28, 2020, by writing to the following e-mail: [email protected].

The bill prescribes the form required to file Income and Complementary Tax declarations for non-resident legal entities, assimilated persons and any non-liquid inheritance pertaining to non-resident taxpayers for the year 2019 and a fraction of 2020. The form must be filed digitally using the electronic signature instrument.

When legal entities present their assets declarations, these should contain details of investments, derivative financial instruments as well as accounts, documents and financial leases receivable. The form also includes a statement of financial income and expenses.