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Colombia Tax Information

19% IVA

IVA is 19% standard, 5% reduced, 0% exports. Electronic invoicing mandatory.

Contractor Services to Invoice

  • Labor charges
  • Material costs
  • Equipment rental
  • Permit fees
  • Subcontractor work
  • Change orders
  • Warranty work

Invoice Requirements in Colombia

NIT number
Business address
Client NIT
IVA breakdown
Total in COP

Payment Terms

Progress billing at milestones. Retain 5-10% until final inspection.

Contado30 días60 díasCrédito

Payment Methods in Colombia

TransferenciaPSENequiDaviplataEfectivo

Contractor Invoice Tips

  • Break down materials and labor
  • Reference permits
  • Document change orders
  • Include lien waiver language
  • Track progress payments

Frequently Asked Questions

What tax rate applies to contractor invoices in Colombia?

Colombia has 19% IVA. IVA is 19% standard, 5% reduced, 0% exports. Electronic invoicing mandatory.

What payment methods are common for contractors in Colombia?

Common payment methods in Colombia include: Transferencia, PSE, Nequi, Daviplata, Efectivo. Progress billing at milestones. Retain 5-10% until final inspection.

What should contractor invoices include in Colombia?

Your invoice should include: NIT number, Business address, Client NIT, IVA breakdown. For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.

How should contractors bill for projects?

Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.

How do contractors handle material markup?

15-25% markup is standard. State policy in contracts.

What IVA rates apply?

19% standard, 5% for some goods, 0% for exports and exempt items.