Chile vs Colombia — VAT Rules Compared

    Key VAT rules, thresholds, invoicing obligations and penalties in Chile and Colombia, side by side with dated official sources.

    RuleChileColombia
    Standard rate19%19%
    Reduced ratesNone5%
    Registration thresholdNo general threshold — all commercial activities subject to IVANo general threshold
    CurrencyCLPCOP
    Filing frequencyMonthlyBimonthly or quarterly
    Invoice rulesElectronic invoicing (Factura Electrónica) mandatory for all taxpayers through SII.Electronic invoicing mandatory for all VAT-registered businesses via DIAN platform.
    Penalties10% penalty for late filing plus 1.5% interest per month.5% per month for late filing, up to 100% of tax due. Interest at market rate + 3%.
    Specific regimesMandatory electronic invoicing via SII · No reduced VAT rates · Export of goods and services zero-ratedMandatory electronic invoicing via DIAN · Excluded goods/services list exempt from VAT · Special regime for simplified taxation (RST)
    In force since01 Jan 199001 Jan 2017
    Last verified01 Sept 202601 Sept 2026

    Main differences

    Both countries apply the same 19% standard rate, so the real difference lies in thresholds, filing frequency and invoicing obligations. Registration starts at No general threshold — all commercial activities subject to IVA in Chile against No general threshold in Colombia, and returns are filed monthly versus bimonthly or quarterly.

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    Disclaimer : This tool is provided for informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor for decisions regarding your tax situation.Source : EU VAT Directive 2006/112/EC

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