- 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"
- Colombia 2026 Emergency Tax Reform: Key VAT, Excise, and Consumption Changes Explained
- Colombia Enacts Temporary 2026 Tax Increases on Gambling, Alcohol, Tobacco, Vehicles, and Imports
- Alcoholic beverages, online gambling, and low-value imports face significant VAT changes
- Colombia Revises Online Gambling VAT: 19% Now on Gross Gaming Revenue, Not Player Deposits
- Colombia Sets 2026 Plastic Bag Tax at 73 Pesos, Announces via Circular No. 000005/2025
