- This is a guide for businesses with customers in Colombia regarding VAT regulations.
- The standard VAT rate is 19% with certain exemptions.
- There are also reduced and zero rates for certain industries and services.
- VAT registration thresholds vary for domestic and non-resident sellers of digital services.
- Registered taxpayers receive a Tax Identification Number (NIT) through the Registro Único Tributario (RUT).
- Non-resident suppliers of digital services must comply with special VAT rules introduced in 2018.
- Invoices in Colombia must include specific details such as a consecutive numbering system, date and time of issuance, digital signature, and Unique Electronic Invoice Code (CUFE).
- There are no specific VAT rules for marketplaces or platform operators in Colombia.
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