The new law includes rules that are intended to provide VAT benefits for the general population—specifically measures that are aimed at providing relief for lower income members of the general population.
In addition, changes to VAT basis applicable to free-trade zone importation involving exported national component.
Source: KPMG
Latest Posts in "Colombia"
- Colombia Proposes Voluntary Correction Regime for Invoicing Errors with Capped Penalties Until April 2026
- 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
