- Electronic invoicing is mandatory in Colombia for all businesses that remit value-added tax (VAT) to the Dirección de Impuestos y Aduanas Nacionales (DIAN), which stands for the National Colombian Tax Authority.
- The preclearance mandatory model came into effect in January 2019, first for the largest taxpayers in a phased implementation.
- It became compulsory for all taxpayers in November 2020 and for all transactions, including business-to-government (B2G), business-to-customers (B2C), and business-to-business (B2B).
- All suppliers must issue electronic invoices, and it’s also compulsory for all buyers to receive the same. The buyer does not need to validate the e-invoice. However, the buyer can accept or reject the invoice.
- Additionally, DIAN must clear all invoices before the supplier can send the same to their customers.
- Without DIAN’s approval, the supplier cannot issue the receipt or ship the goods. Before mid-2019, this was not the case. The law required businesses to send invoices to DIAN at most 24 hours after issuance.
Source Storecove
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