- Purpose of the Draft Decree: The Ministry of Commerce, Industry, and Tourism (MINCIT) has released a draft decree to clarify the registration requirements for electronic sales invoices in the RADIAN system, addressing misinterpretations that have impacted the operation of electronic invoicing.
- Key Clarifications: The decree specifies that only electronic invoices qualifying as negotiable instruments and intended for circulation need to be registered in RADIAN. It defines express acceptance as occurring within three days of electronic acceptance, while tacit acceptance happens if there is no objection within the same timeframe.
- Implementation and Notification Requirements: The acceptance period starts upon receipt of the invoice, not the goods or services. Additionally, the legitimate holder must notify the debtor through RADIAN at least three days before the invoice’s due date. If adopted, the decree would take effect immediately after publication in the Official Gazette.
Source Pagero
Briefing document & Podcast: Columbia E-Invoicing & E-Reporting – VATupdate
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
Latest Posts in "Colombia"
- Colombia’s President Defends 19% Gambling VAT Amid Budget Crisis and Court Challenge
- Colombia Expands Single-Use Plastics Tax to Imports: New Calculation and Payment Guidelines Issued
- Colombian Tax Authority Eases Deductibility Rules for Self-Issued Invoices
- Ecuador Imposes 30% Customs Control Fee on Goods Entering from Colombia
- Colombia Enacts Emergency VAT Hikes on Alcohol, Online Gambling, and Low-Value Imports After Budget Rejection
