The Colombian Superintendence of Companies has issued a circular urging business entities to submit their General Purpose Financial Statements for the 2024 fiscal year, together with the required additional documents. This request is made in compliance with the inspection, surveillance, and control functions established in Law 222 of 1995.
Deadlines for Submission
Documents must be submitted in 2025, according to each entity’s last two digits of the NIT. The deadlines begin on April 8 and end on May 13, being non-extendable. The calendar is available in the Circular Única de Requerimiento de Información Financiera (CURIF), published on November 2, 2023.
Categories of Affected Companies
- Entities in operation must submit information according to CURIF numbers 1.1 and 1.2.
- Companies in reorganization or with restructuring agreements must comply with the report “03A-20 Annual Information on Recovery Agreements” and respect the general deadlines.
- Companies in liquidation or cause for dissolution: According to their condition, they must follow the specific provisions of CURIF.
Penalties for Non-Compliance
Non-submission or untimely submission of Financial Statements and additional documents may trigger sanctioning procedures by the Code of Administrative Procedure and Administrative Disputes. Penalties include fines stipulated in Law 222 of 1995.
Special Procedures
Companies that need special authorization to submit their financial information, such as those that perform more than one accounting closing per year or have been required for the first time, must follow the procedures described in CURIF.
With this requirement, the Superintendency of Companies seeks to guarantee transparency and regulatory compliance in Colombian companies’ financial reporting. Therefore, abiding by the established deadlines and formats is essential to avoid legal setbacks.