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Colombia Tax Information

19% IVA

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

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Colombia

NIT number
Business address
Client NIT
IVA breakdown
Total in COP

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

Contado30 días60 díasCrédito

Payment Methods in Colombia

TransferenciaPSENequiDaviplataEfectivo

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor invoices in Colombia?

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

What payment methods are common for financial advisors in Colombia?

Common payment methods in Colombia include: Transferencia, PSE, Nequi, Daviplata, Efectivo. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Colombia?

Your invoice should include: NIT number, Business address, Client NIT, IVA breakdown. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

What IVA rates apply?

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