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Government tax measures due to COVID-19

 

Government tax measures due to COVID-19

Dear clients, friends and colleagues:

Due to the public health emergency caused by COVID-19, the Government took the following measures in tax matters:

1.        Extension of deadlines for filing and paying taxes

 

Income Tax

Large Taxpayers

Tax return and payment of second installment 21 April until 5 May 2020.

Other Taxpayers

Tax return and payment of first installment: 21 April until 19 May 2020.


Income tax, passenger air transport activities, hotel services, theatrical activities and live shows

Large Taxpayers

Second Installment:  Until 31 July 2020.

Third Installment Until 31 August 2020.

Other Taxpayers

First Installment: Until 31 July 2020.

Second Installment: Until 31 August 2020.


Deadline to pay the advance of the surcharge income tax and complementary - financial institutions

Large Taxpayers

First Installment: 21 April to 5 May 2020.

Second Installment: 9 – 24 June 2020.

Other Taxpayers

First Installment 21 April to 19 May 2020.

Second Installment:  9 - 24 June 2020.


Income and complementary tax return - Legal entities applying for linking to Public Works Tax

Large Taxpayers 

Second Installment until 29 May 2020.

Other Taxpayers 

Tax return and payment of the first installment until 29 May 2020.


Declaration of assets abroad

Large Taxpayers 

21 April to 5 May 2020.

Other Taxpayers 

21 April to 19 May 2020.


Tax return and normalization payment and annual declaration of assets abroad of taxpayers who normalize omitted assets

25 September 2020.


Equity Tax
 

First installment: 12 May to 26 May 2020.

Tax return and payment of the second installment: 28 September to 9 October 2020.


VAT

Those who carry out the following business activities will have a deadline to pay VAT for II Bimester or the first four months of 2020, until 30 June 2020: 

  1. Sale to the table of prepared meals.
  2. Sale of prepared meals in cafeterias
  3. Sale of alcoholic beverages for consumption within the establishment.
  4. Other sale of prepared foods.
  5. Travel agency activities.
  6. Activities of tour operators.


VAT, II bimester and first four months of the year 2020, passenger air transport activities, hotel services, theatrical activities and live shows.

Until 30 July 2020.


National Consumption Tax

Those who carry out the following business activities will have a deadline to pay the National Consumption Tax for the second two months of 2020, until 30 June 2020: 

  1. Sale to the table of prepared meals.
  2. Sale of prepared meals in cafeterias.
  3. Sale of alcoholic beverages for consumption within the     establishment.
  4. Other sale of prepared foods.


Special Tax Regime

The deadline for updating the registry of entities belonging to the Special Tax Regime and the date to hold meetings of the management body to approve the destination of the surplus was extended until 30 June 2020.


Maturities presentation and advance payment SIMPLE regime

I Bi-monthly:

 

5 May 2020.

II Bi-monthly:

 

9 June 2020.

III Bi-monthly:

 

7 July 2020.

IV Bi-monthly:

 

8 September 2020.

V Bi-monthly:

 

10 November 2020.

VI Bi-monthly:

 

13 January 2021.     

 
   

2.        Postponement of terms in procedures and remedies 

The terms of the procedures and remedies in tax, customs and exchange matters are postpone between 19 March and 3 April 2020.


In customs matters this includes:
  1. Deadlines for authorization or allotments
  2. Response to ordinary information requirements.
  3. Internal deadlines for making visits.
  4. Transits, storage and multimodal transport.
  5. Deadlines to re-import temporarily exported goods.
  6. Deadlines to import household goods.
  7. Deadlines for submitting urgent deliveries.
   

In addition, the terms are postpone for the internal management of applications and complaints by Electronic Computer Service “PQRS”.

During this time there will be no attention to the public at the offices of the sectional taxes and customs. 

3.        Authorization to governors and mayors to reduce rates of land taxes.

 

Governors and mayors are authorized to reduce the tax rates of their territorial entities during the term of the health emergency. 

4.        Transitory exemption from VAT on medical equipment or devices.

   

Temporary VAT exemption

A temporary exemption was established for the import and sale of the following goods:

 

1.             Nebulizer;

2.             Scale weight for babies;

3.             Vital sign monitor;

4.             Electrocardiograph;

5.             Glucometer;

6.             Tensiometer;

7.             Pulse oximeter;

8.             Secretion vacuum cleaner;

9.             Defibrillator;

10.          Incubator;

11.          Radiant heat lamp;

12.          Phototherapy lamp;

13.          Infusion pump;

14.          Sense organs kit;

15.          Oxygen bullet;

16.          Stethoscope;

17.          Fan;

18.          Portable X-ray equipment;

19.          Oxygen concentrator;

20.          Transport monitor;

21.          Flow meter;

22.          Cephalic chamber;

23.          Hospital bed; and

24.          Pediatric hospital bed.

 

The exemption does not give the right to refund or compensation for the VAT paid by the person responsible, but it does treat it as a deductible tax.

The balances in favor may be attributed to the returns of the following periods.
 

5.        0% tariff on imports of products from the health sector and air transport companies.

 

0% Tariff

A 0% tariff was established for the import of some products from the health sector and from air transport companies. 

Some products of the health sector are: 

Oxygen, compresses, soaps, antibacterial gel, special masks for the protection of workers, gloves for surgery, masks for protection, among others. 

Some products of air transport passenger or cargo companies that operate in and from Colombia are: 

Lubricating preparations; floor coverings; gaskets and gaskets; corrugated paper boxes; switches and electrical conductors, among others.
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