Colombia Consumption Tax and VAT Relief for COVID-19

Measures

• VAT exemption holidays for consumers on 19 June, 3 July, and 19 July 2020
• Reduction in the consumption tax rate for restaurants, cafeterias, and other similar food and beverage services is reduced from 8% to 0% until 31 December 2020
• VAT exemption on leases of commercial property until 31 July 2020

 

Source:

• Orbitax
• EY

 

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