- Eliminate the consumption tax applicable to the sale of immovable property
- Add a VAT exclusion for cosmetic surgeries
- Reintroduce Article 491 of the Colombian Tax Code, which expressly indicates that VAT paid on the acquisition of fixed assets generally cannot be treated as creditable input VAT
- Establish three days per year in which there will be a VAT exemption for some products, provided the value does not exceed certain amounts
- Require the Colombian Executive Power to deliver to the Congress a report on the effect of eliminating the VAT and replacing it with an 8% national consumption tax
Source EY
Latest Posts in "Colombia"
- Private IPS Medical Device Purchases with PBS Funds May Qualify for VAT Exclusion if Used in Healthcare
- Government Imposes 16% Consumption Tax on Online-Only Games of Chance via Decree 240
- Colombia Issues Guidelines for Importing Single-Use Plastics and Applying National Tax Requirements
- Colombia Expands Single‑Use Plastic Tax: What Importers Need to Know
- Draft Decree regarding the circulation of electronic sales invoices as negotiable instruments
