Compliance
Essential Compliance Steps for Small Enterprises in Chile and Colombia
From recent regulatory updates in Chile and Colombia, small businesses must pay attention to compliance areas including reporting exógena in Colombia and PPMO in Chile to avoid fines.
By NomadicTax Research Team • 5-8 min read • August 23, 2026
## Overview of Recent Regulatory Focus in Colombia and Chile
Colombia’s DIAN has issued *Resolución 000021 de 2026*, which **modifies several articles** of the current tax, customs and currency regulation, extending **extraordinary deadlines** for the presentation of exogenous tax information (formats 2820, 2823, etc.). This is a key compliance requirement for both domestic businesses and those engaged in trade. ([normograma.dian.gov.co](https://normograma.dian.gov.co/dian/compilacion/docs/resolucion_dian_0021_2026.htm?utm_source=openai))
In Chile, SII has released **Circular N° 33 (10 August 2026)**, which updates tables for reajustes, interest, fines, and clarifies the *Pagos Provisionales Mensuales Obligatorios* (PPMO) obligation for the 2026 tax year. Businesses need to align monthly provisional payments to updated rates. ([sii.cl](https://www.sii.cl/normativa_legislacion/circulares/2026/indcir2026.htm?utm_source=openai))
## What Businesses Must Do Now
- If your business in Colombia submits exogenous tax data annually or periodically, confirm whether the extension applies to your reporting format, and follow any new deadlines issued in Resolución 000021. Missing those may trigger fines or audit risks.
- In Chile, re‐calculate provisional monthly payments under the updated Circular N° 33 to avoid either underpayment or overpayment and possible interest or penalty charges.
- Update internal accounting for any changed interest or fine rates due to updated “tablas de cálculos de reajustes”.
## Practical Example Scenarios
**Scenario A: Colombian importer/exporter**
· You filed exogenous formats 2820 and 2825; due date was September but under the new Resolución 000021, you may now have an extended deadline—confirm via DIAN’s normograma.
**Scenario B: Chilean SME paying provisional taxes**
· If PPMOs owed are based on outdated rates (from mid‐2025 or earlier), adjust to the tables announced on 10 August. Late adjustment could mean fines once declarations are reviewed.
## Tools & Practices to Stay Compliant
- Use local tax authority portals (DIAN normograma, SII circulares) to subscribe for updates.
- Maintain cash flow for quarterly or monthly provisional payments; plan budget adjustments if rates increase.
- Train in local accounting standards and local tax law changes—Chile’s PPMO is particular to its classification of income types.
Compliance may feel like paperwork, but recent updates in Colombia and Chile show that staying current can also avoid costly interest, penalties, and maintain your reputation.