A Bogotá court admitted a group action in August 2025 against more than 50 financial entities for alleged harm caused by delays in applying the 4x1000 tax reform.
The order from Bogotá’s Seventh Civil Circuit Court directed notification to the public and entities including the Financial Superintendency and the Finance Ministry. Defendants include Bancolombia, Banco de Bogotá, Davivienda, Nu Colombia and Mercado Pago.
The 2022 reform under Law 2277 exempts monthly transactions up to 350 UVT from the 4x1000 tax. Delays in system interoperability have prevented effective rollout, according to complaints from Nu Colombia.
Jonathan Malagón, president of Asobancaria, stated the delay stems from the legal requirement for full participation by all entities, not from unwillingness by the sector. Nu’s Marcela Torres noted that more than 500 days have passed without implementation.
