Colombian Congress approves tax reform bill
The tax reform keeps the VAT exemption for courier and urgent shipments whose value does not exceed US$200 and come from countries that have signed a Free Trade Agreement (FTA) with Colombia which expressly provides that benefit. However, to apply the benefit, it is provided that the requirements of the relevant FTA should be observed and not the mere fact that the goods are coming from a given country.
Source EY
Latest Posts in "Colombia"
- 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
- Colombia’s President Defends 19% Gambling VAT Amid Budget Crisis and Court Challenge
- Colombia Expands Single-Use Plastics Tax to Imports: New Calculation and Payment Guidelines Issued
