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Colombia Implements Temporary VAT Exemption/Zero-Rating for Certain Goods and Services

  • Colombia has published Decree 789 of 4 June 2020
  • The decree introduces temporary tax measures in the context of the State of Economic, Social, and Ecological Emergency
  • The President of Colombia has the power to declare a State of Economic, Social, and Ecological Emergency in case of events that disturb or threaten the country’s economic, social, and ecological order
  • Once the state of emergency is declared, the President can issue decrees with the force of law to address the crisis and prevent its effects from spreading
  • These decrees can establish new taxes or modify existing ones
  • The Ministry of Health and Social Protection announced the first case of COVID-19 in Colombia on 6 March 2020
  • The World Health Organization declared COVID-19 a pandemic on 11 March 2020
  • The pandemic has spread rapidly, with a significant increase in cases outside of China
  • The Ministry of Health and Social Protection implemented preventive measures, including isolation and quarantine for individuals arriving from certain countries

Source: dapre.presidencia.gov.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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