The Colombian Tax Authority (DIAN) has announced that the annual interest rate for late tax payment for 1 to 30 September 2017 is reduced from 30.97% to 30.22%. The rate is based on the rate set by the Financial Superintendence of Colombia through Resolution No. 1155 of 30 August 2017. Also, beginning with the September rate, the interest rate for late tax payment will be set monthly instead of quarterly.