- Colombia issues tax refund certificates for exporters’ indirect taxes starting 30 May 2025
- Decree 0566 introduced by the Ministry of Finance and Commerce, Industry, and Tourism on 28 May 2025
- Exporters can claim refunds of 3 percent of the FOB value for eligible goods and 2 percent for qualifying services
- Certificates can offset income tax, tariffs, VAT, and withholding taxes and are valid for two years
- Certificates can be traded freely
- Exclusions include exports involving free zones, re-exports, temporary shipments, exports under USD 100,000, and exports to certain countries
- Exports paid via credit card or through payment service providers and services exported to related entities are also excluded
- Exporters can apply for certificates after a three-month transition period following the decree’s enactment
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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