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Colombia Tax Information

19% IVA

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

Freelancer Services to Invoice

  • Hourly consulting
  • Project-based work
  • Retainer agreements
  • Milestone billing
  • Rush/priority fees

Invoice Requirements in Colombia

NIT number
Business address
Client NIT
IVA breakdown
Total in COP

Payment Terms

Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

Contado30 días60 díasCrédito

Payment Methods in Colombia

TransferenciaPSENequiDaviplataEfectivo

Freelancer Invoice Tips

  • Always use a unique invoice number
  • Clearly state payment terms upfront
  • Include detailed breakdown of work
  • Add late payment fees
  • Keep copies for tax purposes

Frequently Asked Questions

What tax rate applies to freelancer invoices in Colombia?

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

What payment methods are common for freelancers in Colombia?

Common payment methods in Colombia include: Transferencia, PSE, Nequi, Daviplata, Efectivo. Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

What should freelancer invoices include in Colombia?

Your invoice should include: NIT number, Business address, Client NIT, IVA breakdown. For freelancer services specifically, also include: Hourly consulting, Project-based work, Retainer agreements.

How do I invoice for hourly freelance work?

List each task with hours worked and hourly rate. Include dates and detailed descriptions.

Should I charge a deposit as a freelancer?

Yes, especially for larger projects. A 25-50% deposit protects you from non-payment.

What IVA rates apply?

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