Colombia DIAN outlines penalties for late or inaccurate income declarations

Colombia's tax authority (DIAN) has publicized sanctions for failing to declare income on time, submitting inaccurate information, or not declaring at all, including potential account seizures. The article explains the conditions under which DIAN can seize accounts, but specific penalty amounts and thresholds are not detailed. This is a routine administrative clarification, not a policy change, and has limited market impact.