Colombia has published Decree No. 375 of 9 April 2021, which provides for an exemption from the income tax advance payment requirements for 2021 for certain sectors in response to COVID-19. In general, income tax advance payments are equal to 75% of the prior year's tax liability or the average of the prior two years. With Decree No. 375, this is reduced to 0% for specified sectors, which generally includes sectors deemed most affected by the economic impacts of COVID-19 as listed in the Dec…