Marketplaces & Platforms: Colombia vs Cyprus VAT Rules
How VAT obligations differ for marketplaces & platforms between Colombia and Cyprus.
| Criterion | Colombia | Cyprus |
|---|---|---|
| Standard rate applied | 19% | 19% |
| Registration threshold | No general threshold | €15,600 annual turnover |
| Filing frequency | Bimonthly or quarterly | Quarterly |
| Invoicing constraints | Electronic invoicing mandatory for all VAT-registered businesses via DIAN platform. | Standard EU invoice requirements. Tax invoices must be issued within 30 days of supply. Self-billing allowed. |
| Sector-relevant regimes | Mandatory electronic invoicing via DIAN · Excluded goods/services list exempt from VAT · Special regime for simplified taxation (RST) | Special scheme for travel agents · Reduced rate for renovation of private dwellings · IP box regime interacts with VAT planning |
| Penalty exposure | 5% per month for late filing, up to 100% of tax due. Interest at market rate + 3%. | 10% surcharge on late payments. €50 per day penalty for late filing, capped at €1,000. |
Typical use cases
Platform Commissions
Revenue from transaction fees and commissions on marketplace sales.
Platform Subscriptions
Subscription fees charged to marketplace sellers or users.
Digital Marketplace
Platforms selling digital goods, courses, or creative assets.
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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