Colombia

Base Details

Key	Value
Tax Country Code	CO
Currency	COP
Base Time Zone	America/Bogota

Tax Categories

Code	Name	Title
VAT	VAT	Value Added Tax
IC	IC	Consumption Tax
ICA	ICA	Industry and Commerce Tax
INC	INC	National Consumption Tax
RVAT	ReteIVA	Retención en la fuente por el Impuesto al Valor Agregado
RICA	ReteICA	Retención en la fuente por el Impuesto de Industria y Comercio
RR	Retefuente	Retención en la fuente por el Impuesto de la Renta

VAT Rates

Rate	Keys	Name	Percents	Description
general	standard	General Rate	19.0%
reduced	standard	Reduced Rate	5.0%

Correction Definitions

Auto-generation of corrective invoices or credit and debit notes is supported.

Invoice Types

The types of invoices that can be created with a preceding definition:

• credit-note
• debit-note