COP- USD Exchange rate

This is how the 50% reduction benefit of the default interest rate for tax and customs obligations operates

Through a press release, the National Tax and Customs Directorate (DIAN) reminded taxpayers in arrears of tax and customs obligations that the benefit of a fifty (50%) reduction in the interest rate on arrears, established in the last tax reform, will be in force until June 30 of this year. 

The benefit applies to debtors who pay the debt entirely before that date and to those who sign an agreement or payment facility, provided that they have not breached other agreements during the year prior to the date of the application submission.

The Central Bank published the financial stability report for 2022-II

The Central Bank published the Financial Stability Report for the second half of 2022, which presents a diagnosis of the performance of the financial system and its debtors.

Among the conclusions of the document, it mentions a greater fragility of financial institutions due to the reduction of their liquidity. On the other hand, it states that there is a greater vulnerability of credit risk due to the high growth of household credit.