economy

May 5, 2026

Nu Colombia questions the 501-day delay in implementing the 4x1000 exemption

Portafolio Journalist 05.05.2026 12:00 Updated: 05.05.2026 12:12

Nu Colombia questions the 501-day delay in implementing the 4x1000 exemption

TL;DR

  • Nu Colombia initiated "Operation Day 501" due to the non-implementation of Article 65 of Law 2277 of 2022 for over 500 days.
  • The law allows Colombians to designate more than one bank account as exempt from the 4x1000 tax.
  • This delay prevents financial mobility, costing citizens up to $800,000 pesos annually and forcing them to use a single bank.
  • Nu Colombia is offering to refund the 4x1000 tax on new funds invested in Nu CDTs between May 5-9, 2026.
  • The refund will be credited to the customer's Nu Account.
  • Nu Colombia is the first financial institution to publicly act on this legal non-compliance.