- Colombia is proposing to remove several VAT exemptions.
- The changes would tax low-value imports ($200 USD or less) sent by mail, express, or fast delivery.
- VAT would also apply to software license acquisition services used for digital content development, plus website, hosting, and cloud computing services.
- Tourism services sold to foreign residents for use in Colombia would also lose their VAT exemption.
Source: kpmg.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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