Colombia - Electronic Invoicing Update

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The Colombian tax authorities (DIAN) have announced the launch of a free web service to facilitate the issuance of e-invoices, for taxpayers that will be required to submit e-invoices under the new rules.

Effective 1 January 2019, companies that are subject to VAT and consumption tax in Colombia will be required to issue e-invoices for all transactions for which a paper invoice currently is issued. This e-invoicing requirement began for companies that are considered “large taxpayers” by the DIAN on 1 September 2018. This was unless the taxpayer had requested an extension due to specific technical issues, in which case, e-invoicing will be mandatory as from 1 December 2018.

The free web service - put in place to help micro and small enterprises reduce administrative costs in relation to electronic billing - provides the following tools to simplify the e-invoicing process:

- Standard formats for invoices issued electronically, including for debit and credit notes

- Electronic and/or digital signatures

- Mechanism that allows customers that are unable to receive XML e-invoices to receive a legible receipt

- Allows an efficient transfer of e-invoices between the issuer (i.e. the seller), the recipient (i.e. the buyer) and the Colombian tax authorities (overseeing entity)

Should you require any VAT assistance in Colombia, or require any international VAT assistance, please contact us.

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