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).