VAT Guide for Fintech & Financial Services in Colombia

    Fintech & Financial Services operating in Colombia charge the standard VAT rate of 19% (reduced rates: 5%). Registration becomes mandatory at No general threshold, returns are filed bimonthly or quarterly, and cross-border B2C sales are reported through the EU One-Stop Shop.

    Standard rate19%
    Reduced rates5%
    Registration thresholdNo general threshold
    Filing frequencyBimonthly or quarterly
    CurrencyCOP
    In force since01 Jan 2017
    Last verified01 Sept 2026

    Official source

    DIAN

    Figure verified on 01 Sept 2026. Every rate on this page is traceable to the authority above.

    Worked examples

    Domestic sale in Colombia

    You invoice a customer based in Colombia for COP 1,000 of fintech & financial services work.

    Add 19% VAT: COP 190. Total invoiced COP 1,190, declared in your bimonthly or quarterly return.

    Cross-border B2B inside the EU

    A VAT-registered business in another member state buys the same COP 1,000 service and supplies a valid VAT number.

    Invoice at 0% under the reverse charge, state "Reverse charge — Article 196 VAT Directive", and report the sale on your EC Sales List.

    B2C digital sales to other EU countries

    Consumers across the EU subscribe to your platform for a total of COP 10,000 per year.

    Above the €10,000 EU-wide threshold you charge the customer's local rate and file a single OSS return instead of registering in each country.

    Late filing exposure

    Your bimonthly or quarterly return is filed after the deadline.

    5% per month for late filing, up to 100% of tax due. Interest at market rate + 3%.

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    Compliance checklist

    • Confirm whether you are above No general threshold
    • Register with DIAN before your first taxable supply
    • Apply 19% on domestic sales and the reverse charge on EU B2B
    • Validate every EU customer VAT number in VIES and keep the proof
    • File bimonthly or quarterly and archive invoices for the statutory period
    • Mandatory electronic invoicing via DIAN
    • Excluded goods/services list exempt from VAT

    FAQ — Fintech & Financial Services in Colombia

    When must fintech & financial services register for VAT in Colombia?

    Registration is required at No general threshold. Voluntary registration below that level is possible and usually worthwhile when you buy a lot of taxable inputs, because it lets you reclaim input VAT.

    Which VAT rate applies to fintech & financial services in Colombia?

    The standard rate is 19%, with reduced rates of 5% for specific categories. Applied since 2017-01-01, last verified against DIAN on 2026-09-01.

    How often do I file VAT returns in Colombia?

    Bimonthly or quarterly. 5% per month for late filing, up to 100% of tax due. Interest at market rate + 3%.

    What must appear on an invoice in Colombia?

    Electronic invoicing mandatory for all VAT-registered businesses via DIAN platform.

    Do I charge VAT to business clients in other EU countries?

    No. For B2B services within the EU the reverse charge applies: invoice at 0%, quote both VAT numbers, add the reverse-charge mention and report the transaction on your recapitulative statement. Always validate the customer's VAT number in VIES first.

    What is specific to Colombia for my sector?

    Mandatory electronic invoicing via DIAN · Excluded goods/services list exempt from VAT · Special regime for simplified taxation (RST)

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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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