As previously reported, Colombia is providing penalty and interest relief in respect of late tax payment in cases where the late payment was caused or aggravated as a result of the COVID-19 pandemic. The relief is provided as part of the Social Investment Law (Law 2155) for tax arrears up to 30 June 2021, provided the tax is paid by 31 December 2021 or a payment facility is entered into by 31 December 2021. While it was initially reported that penalty amounts provided under the law are reduce…