Law 134 of March 20, 2020, modifies article 5 of Law 99 of 2019. This modification aims to extend the tax amnesty period until June 20, 2020.
Key Aspects
- The payment of overdue taxes made after February 29 and until June 30, 2020, will be condoned up to 85% of the total interest, surcharges, and fines.
- The deadline for compliance with payment arrangements made by February 29 is extended to December 31, 2020.
- As of the effective date of the law until June 30, the forms, reports, and declarations that were due on February 29 may be filed without penalty. This assumes that taxpayers maintain operations or comply with the conditions and commitments of the economic aid package issued due to the state of emergency due to COVID-19.
- The Tax General Direction (DGI) is in charge of verifying the information submitted by the taxpayer and in case it is false or inaccurate, it will impose the corresponding penalties.
Read here the full Law 134 of 2020:
