VATLive > Blog > Colombia > Colombia VAT deferral for COVID-19

Colombia VAT deferral for COVID-19

  • May 28, 2020 | Richard Asquith

28 May - food and drinks are to be exempted from consumption tax to 31 December 2020. Commercial property is to be exempted from VAT until 31 July.

20 May - the government has proposed a 3-day suspension of the VAT regime on goods on the following dates: 19 June; 3 July; and 19 July.

Update 31 March - transactional level data on customer/supplier dealings, the magnitic media information, have been delayed.

Colombia has delayed the Value Added Tax filing deadlines for industries in hard-hit sectors by the coronavirus virus. The sectors include: tourism; hotels; restaurants; airlines; and live entertainment. All affected taxpayers will be able to delay filings, whether they are quarterly or bi-monthly, until 30 June – a 30-day extension.

Other sectors may delay VAT payments to 30 June, too, rather than May. These include: restaurants, bars and cafes; and holiday companies.

The 8% Consumption Tax on restaurants will also benefit from easements. Filings are delayed until 30 June. Payment dates are postponed until the second half of May.

Follow Avalara’s live global coronavirus Covid-19 VAT measures tracker.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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