How is VAT calculated on an import into Colombia?

VAT is calculated on the tax base, which is the CIF value plus the tariff paid. For example, if the CIF value is $10,000 USD and the tariff is 10% ($1,000), the VAT base is $11,000 USD, and the 19% VAT would be $2,090 USD.

Can I recover VAT paid on imports?

Yes, VAT paid on imports is deductible from the VAT you charge your customers on your bimonthly VAT return, as long as the goods are used for taxable activities.

How is VAT calculated on an import into Colombia?

VAT is calculated on the tax base, which is the CIF value plus the tariff paid. For example, if the CIF value is $10,000 USD and the tariff is 10% ($1,000), the VAT base is $11,000 USD, and the 19% VAT would be $2,090 USD.

Can I recover VAT paid on imports?

Yes, VAT paid on imports is deductible from the VAT you charge your customers on your bimonthly VAT return, as long as the goods are used for taxable activities.

Regulations

VAT on Colombian Imports

Understand how Value Added Tax (VAT/IVA) works on imports into Colombia. Learn about current rates, exempt products, the tax base, and how VAT is calculated on imported goods.

Key Points

Colombia's general VAT rate is 19%

VAT is calculated on the CIF value plus the import tariff

Some products have a reduced 5% rate or are exempt (0%)

Basic food items and certain capital goods are excluded from VAT

VAT paid on imports is deductible from VAT payable on the tax return

Requirements

CIF value correctly declared on the import declaration
Correct tariff classification to determine the applicable VAT rate
VAT payment at customs clearance (together with the tariff)
Retain the import declaration as support for deductible VAT

Frequently Asked Questions

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