- Introduction of Tax Refund Certificates: Colombia’s Ministry of Finance issued Decree 0566 on May 28, 2025, allowing exporters of goods and services to receive tax refund certificates (CERT) for indirect taxes paid during production, with CERT values set at 3% of the FOB value for qualifying goods and 2% for qualifying services.
- Usage and Expiration of CERTs: CERTs can be utilized to pay various taxes, including income taxes, VAT, and withholding tax, and will expire two years after issuance. During this period, they can be traded or used to offset tax liabilities.
- Exclusions and Conditions: Certain exports are excluded from CERT eligibility, including those to and from free zones, low-value exports (under USD 100,000), and services provided to related parties. The decree took effect on May 30, 2025, with exporters able to request CERTs after a three-month transition period.
Source Orbitax
