-
Digital and gambling taxation: Draft rules extend VAT and consumption tax to online gambling operators, remove exemptions for cloud computing, hosting, and software licenses, impacting non-resident providers and B2C customers significantly.
-
VAT compliance changes: Filing frequency would shift to bi-monthly for all suppliers, while the input VAT creditability window reduces from eight to six months, tied to economic transaction timing.
-
Large taxpayers and imports: Large taxpayers must self-charge VAT on taxable services imported into Colombia, while the “de minimis” exemption for low-value shipments is eliminated, broadening the VAT collection base.
-
Sector-specific tax hikes: Proposals include raising fuel oil taxation, applying a 19% consumption tax to cultural and recreational events, and taxing music festivals and sports, aimed at addressing fiscal imbalances.
Source: PwC
Latest Posts in "Colombia"
- Upcoming Changes to VAT and National Consumption Tax
- Colombian Financing Law Project of 2025
- VAT Zero-Rating Applies to Film Production Services Classified as Exports, Says Tax Administration
- Colombian Gambling Operators Criticize 19% VAT on Online Gambling as Unsustainable and Misguided
- Colombia Proposes Major Tax Reforms for 2026: VAT, Income, Wealth, and Crypto Changes
