Income Tax Payment: Deadlines for micro and small companies to be postponed

The national government intends to support the recovery and cash flow of micro and small companies.

The Ministry of Finance, through a draft decree, announced that it seeks to postpone the income tax payment deadline, for the taxable year 2020, for micro and small companies in the commerce, industry and tourism sector.

The purpose of the measure is to support the recovery of micro and small businesses, due to the pandemic.

“That as a consequence of the pandemic derived from the Covid-19, there still persist situations typical of the conjuncture that continue affecting the normal development of the economic activities of the companies”, indicates the draft decree.

The micro and small companies of said sector must pay the first and second installment of the income tax return according to the last digit of the NIT according to these dates:

–1: Until June 9 and November 9, 2021.

–2: Up to June 10 and November 10, 2021.

–3: Until June 11 and November 11, 2021.

–4: Until June 15 and November 12, 2021.

–5: Until June 16 and November 16, 2021.

–6: Until June 17 and November 17, 2021.

–7: Until June 18 and November 18, 2021.

–8: Until June 21 and November 19, 2021.

–9: Until June 22, 2021 and November 22, 2021.

–0: Through June 23 and November 23, 2021.

Source: Update