Colombia

Executive Order 175 of 2024 established certain special taxes in response to the state of internal commotion declared due to security concerns in the Catatumbo region. These new taxes will come into force from 22 February 2025 and will remain in effect until 31 December 2025.

Value-added tax (VAT) on online gaming 

• Online games of chance and gambling operated exclusively via the Internet, whether within Colombia or from abroad, will now be subject to VAT.
• For non-Colombian service providers, they are to be required to register, pay, and remit VAT in Colombia under non-resident rules, which demands a bimonthly filling.

New special tax for the extractive industries  

• A special tax applies to the production of crude/coal at a 1% rate.

• The tax is accrued at the first sale within or from Colombia and/or at the export shipments.

• The taxable base for local sales is the price amount. For exports, it is the free on board (FOB) value. 

1% stamp tax 

• A 1% stamp tax is applicable at the execution of public or private documents that establish, modify, or extinguish obligations within Colombia.