Colombia tax authority cuts penalties 85% for delinquent taxpayers under earthquake decree

Colombia's tax authority (DIAN) announced an 85% reduction in penalties for delinquent taxpayers, affecting about 198,000 taxpayers owing $22.9 billion, with a deadline of November 19. This is a fiscal amnesty measure tied to an earthquake decree, likely aimed at boosting revenue collection. The move signals a policy shift toward leniency, potentially impacting government revenue and fiscal discipline.

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