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Colombia Tax Information

19% IVA

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

Lawyer Services to Invoice

  • Legal consultation
  • Document review
  • Contract drafting
  • Litigation
  • Court appearances
  • Research
  • Retainer services

Invoice Requirements in Colombia

NIT number
Business address
Client NIT
IVA breakdown
Total in COP

Payment Terms

Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

Contado30 días60 díasCrédito

Payment Methods in Colombia

TransferenciaPSENequiDaviplataEfectivo

Lawyer Invoice Tips

  • Bill in standard increments
  • Detail each task
  • Reference case number
  • Separate disbursements
  • Include trust account details

Frequently Asked Questions

What tax rate applies to lawyer invoices in Colombia?

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

What payment methods are common for lawyers in Colombia?

Common payment methods in Colombia include: Transferencia, PSE, Nequi, Daviplata, Efectivo. Retainer upfront. Bills typically due Net 30. Trust accounts for client funds.

What should lawyer invoices include in Colombia?

Your invoice should include: NIT number, Business address, Client NIT, IVA breakdown. For lawyer services specifically, also include: Legal consultation, Document review, Contract drafting.

How should lawyers detail time entries?

Include date, task description, time spent, and attorney name. Use standard billing increments.

How do lawyers handle retainers?

Hold in trust. Bill against retainer and request replenishment when low.

What IVA rates apply?

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