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Colombia Introduces Expedited Tax Refund Process During COVID-19 Crisis

|Approved Changes|Colombia
Colombia

Colombia has published Legislative Decree No. 535 of 10 April 2020, which introduces abbreviated procedures for the automatic refund of income tax and VAT balance while the current COVID-19 health emergency declaration is in force.

This includes that for taxpayers that are not considered high-risk, income tax and VAT refunds will be provided within 15 days of request (normally takes up to 50…

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