economy

Income tax return for legal entities is approaching, with which the Government expects to collect $27.8 trillion

Income tax return Photo: Jaime Moreno / Portafolio

Income tax return for legal entities is approaching, with which the Government expects to collect $27.8 trillion

TL;DR

  • Income tax return deadlines for legal entities are scheduled throughout May.
  • Payments can be made in one or two installments depending on the declaration amount.
  • Deadlines are determined by the last digit of the legal entity's NIT.
  • Bogotá, Medellín, Cali, Barranquilla, and Cartagena are the cities with the highest number of taxpayers.
  • Economic data shows a correlation between company concentration and GDP in regions like Bogotá, Antioquia, and Valle del Cauca.
  • Contact information is provided for inquiries regarding the income tax declaration for legal entities.