Colombia DIAN Delays E-invoicing Mandate for All But Largest Companies

Ramón Frias
November 28, 2018

Colombia’s tax authority, the DIAN, announced this week that it is delaying its e-invoicing mandate for all but the largest taxpayers operating in the country.

The DIAN had previously said that all companies that pay VAT in Colombia would have to adopt mandatory e-invoicing by Jan. 1, 2019. However, the DIAN this week said that the only companies that will be required to comply with the mandate starting Jan. 1 are those that the DIAN has identified as Large Taxpayers.

E-invoicing mandate delay for smaller companies in Colombia

Companies not on the list of Large Taxpayers will not have to comply with the e-invoicing mandate on Jan. 1. The DIAN will publish a schedule for compliance for smaller companies, but the agency did not specify a date of publication for the schedule, nor did it give any details as to when scheduled mandatory compliance might begin.

In the same statement, the DIAN confirmed that it will validate invoices itself and will not share responsibility with any other parties.

Take Action

Sovos counts some of the largest multinationals operating in Colombia among its clients. Learn more about Sovos eInvoicing in Colombia.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Ramón Frias

Ramon is a Tax Counsel on the Regulatory Analysis team at Sovos. He is licensed to practice law in the Dominican Republic and is a member of the Dominican Bar Association. He has a Certificate Degree from Harvard University as well as a J.D. from the Universidad Autonoma de Santo Domingo. Ramon has written a number of essays about tax administration and has won the first prize in the international essays contest sponsored by the Inter American Center of Tax Administrations (CIAT). Prior to joining Sovos, Ramon worked for more than 10 years in the Department of Revenue of the Dominican Republic where he served as Deputy Director. He is proficient in French and Spanish.
Share This Post

LATAM VAT & Fiscal Reporting
May 20, 2020
Sovos Acquires Taxweb, Extends Tax Determination Capabilities in World’s Most Challenging Compliance Landscape

Earlier this month Sovos announced its second acquisition of 2020, completing our solution for Brazil with an unparalleled offering that solves tax compliance in the place where it is most challenging to do so.  Too many companies doing business in Brazil have been burdened by managing multiple point solutions for continuous transaction controls (CTCs), tax […]

ShipCompliant United States
July 9, 2020
3 Sessions, Many Takeaways: Wine Summit Piccolo Event Recap

Sovos ShipCompliant hosted the 15th annual Wine Summit a couple weeks ago, only this time it was a shortened “Piccolo” virtual version. This half-day event featured some of the most popular sessions and presentations originally scheduled for the cancelled live event back in May. The recorded version of the event is available to watch on-demand; […]

EMEA Tax Compliance VAT & Fiscal Reporting
July 9, 2020
Tax IDs and List Checks: The New Trend

VAT gaps can generally be found in countries that collect indirect taxes. This hiatus has led many tax administrations to implement Continuous Transaction Controls (CTCs), through which transactional and accounting data are monitored in real-time or near real-time. However, even countries with sophisticated CTCs may encounter fraud involving missing traders and non-existent supplies. This creates […]

Tax Information Reporting United States
July 8, 2020
The Industry Leader in Tax and Regulatory Reporting

Last year, Sovos promised insurers we would Solve Tax for Good®. A year later, we have helped thousands of insurers ease the burden and risk of modern tax and regulatory compliance. We have kept our promise by helping insurers stay ahead of the Tax Cuts and Jobs Act, SECURE Act and all other tax and […]

EMEA IPT
July 8, 2020
The Changing Landscape for European Captives and the Challenges Ahead

Over recent years, the number of insurance captives domiciled in Europe has stagnated, if not fallen.  Against this backdrop, the challenges faced by captives across the region are rising and in particular, following the COVID-19 pandemic. A specialized market in restricted jurisdictions Europe is the third largest insurance captive domicile in the world having around […]

July 8, 2020
Sovos Acquires Accordance to Help Businesses Flexibly Navigate Changing VAT Compliance Requirements

Earlier this week, Sovos announced the acquisition of Accordance , a U.K.-based value-added tax (VAT) managed services company that has been a Sovos partner since 2018. Accordance adds a leading service provider with unique VAT expertise to our growing European organization, strengthening the foundation we have been building for continued global expansion. This acquisition — our […]