Colombian VAT number contains 9 digits and 1 check digit (e.g., 012345678-A).
The standard VAT rate in Colombia is 19%, with a reduced rate of 5%, and some services that are exempt from Colombian VAT, like existential foodstuffs.
All businesses with Mexican VAT number must submit periodic VAT reports and payments.
All businesses with Colombian VAT number (domestic established companies) must submit periodic payments.
VAT filings and payments, as well as returns, are submitted every two months or quarterly, depending on the previous year’s earnings.
For non-established companies in Colombia (foreign business entities), VAT returns must be submitted every two months.
In case of the late filing of VAT returns and payments, the Colombian government prescribed the 5% penalty of the value of the VAT due.
Following Art. 617. of Colombian law, requirements of the sales invoices are as follows:
As of 2019, all taxable persons in Colombia must use a mandatory e-invoicing platform to send and receive invoices.
Generally, invoices in Colombia can be issued in two ways:
Governmental body responsible for e-invoicing in Colombia:
What does the e-invoicing process in Colombia look like?
Date updated [May 12, 2021]
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