CO Value-added tax (VAT) Rates Colombia — Value-added tax (VAT)

General VAT Rate Other Rates Local Currency
16% 5%, 0% Peso (COP)

Colombia's general VAT rate is 16%, with other rates including 5% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Dirección de Impuestos y Aduanas Nacionales (DIAN) (http://www.dian.gov.co) in Bogotá.

Columbia has the following reduced VAT rates:

5% reduced rate on: property; foodstuffs
3% reduced rate on: livestock.

Colombia's consumption tax is called the Value-added tax (VAT), locally known as Impuesto sobre las ventas (IVA), which was introduced in December 1983.


Colombia VAT rates for 2017

Standard
16%
Reduced
5%
Other
Zero-rated (exempt)

Colombia VAT number format

Businesses in Colombia that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Dirección de Impuestos y Aduanas Nacionales (DIAN), and will follow a certain format. The VAT number format is Tax identification number (NIT).


Colombia VAT return periods

Businesses in Colombia that are required to collect tax from consumers must file regular tax returns with the Dirección de Impuestos y Aduanas Nacionales (DIAN) in Bogotá. Colombia's VAT return periods are:

Bimonthly/Quarterly/Annually


Colombia Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Colombia are required to start collecting and remitting tax.

Simplified regime
Gross income in the previous year less than USD43,000 (based on an exchange rate of COP2,800 = USD1); additional requirements apply

Recovery of VAT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Colombia are not required to collect taxes from the consumer.


Colombia VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Colombia VAT refund program, more info can be obtained from the Dirección de Impuestos y Aduanas Nacionales (DIAN).


CO Value-added tax (VAT) Rates Colombia Tax Sources & Citations

  • EN: Colombia Value Added Tax
  • RU: НДС
  • CN: 增值税
Note: This page is intended to be a simple overview of Colombia's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Colombia tax information on this page is incorrect or out of date.
Citations:
  1. Colombia Dirección de Impuestos y Aduanas Nacionales (DIAN) (http://www.dian.gov.co)
  2. Ernst & Young global VAT tax study, Colombia (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/co-colombia