Tax news some relief measures adopted by Latin American countries

Colombia
Available languages: ES

Considering the health situation due to the effects of COVID-19, and as a response to the volatility of oil prices and the uncertainty of international financial conditions, the Colombian Government decided to declare an economic emergency and create mechanisms to deal with the needs of the health sector, as well as mitigate the adverse effects on the national economy.

Regarding tax matters, regulations that have been issued in recent days seek to offer a relief to taxpayers, ranging from the suspension of the terms in administrative processes and actions to the extension of deadlines for the payment of some tax obligations for some sectors of the economy. Below, we present the measures adopted to date:

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