Colombia's tax authority DIAN offers taxpayers a payment facility for income tax debts, allowing installment plans of up to five years, but approval is not automatic and the debt continues to accrue interest while pending. ^[1] The DIAN allows Colombian taxpayers with unpaid income tax balances to request an installment plan to avoid penalties for late filing. ^[2] Taxpayers in Colombia who owe money on their 2026 income tax declaration can request a payment facility (facilidad de pago) from the DIAN if they lack sufficient funds. ^[3] For 2026, the minimum fine for filing income tax late in Colombia is $523,740 and can increase depending on the delay. ^[4] If a Colombian taxpayer requests a payment term longer than one year, DIAN requires a guarantee such as a policy, mortgage, bank guarantee, or personal guarantee, depending on the obligation and agreement. ^[5] The tax arrears interest rate for September 2026 in Colombia is 27.24% effective annual, down from 27.66% in August. ^[6] Olga Viviana Tapias, a tax partner at Russell Bedford Colombia, stated that an installment plan organizes the debt into a schedule but does not erase the principal debt or interest. ^[7] The DIAN evaluates a taxpayer's economic capacity and the proposed terms before approving an installment plan agreement. ^[8] The statutory late payment interest rate for September 2026 is 27.24% effective annual, which is higher than the current bank interest rate of 19.49%. ^[9] The tax penalty for late payment is 5% of the tax due for each month or fraction of a month of delay, with a maximum cap of 100% of the tax. ^[10] The Superintendencia Financiera certified a current bank interest rate of 19.49% effective annual for consumer credit in September. ^[11] The DIAN may require an initial payment of 30% of the debt before approving a payment facility agreement. ^[12]