> ## Documentation Index
> Fetch the complete documentation index at: https://gobl-regime-code.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Colombia

## Base Details

| Key              | Value                       |
| ---------------- | --------------------------- |
| Tax Country Code | <code>CO</code>             |
| Currency         | <code>COP</code>            |
| Base Time Zone   | <code>America/Bogota</code> |

## Tax Categories

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

### VAT Rates

| Rate                 | Keys                  | Name         | Percents | Description |
| -------------------- | --------------------- | ------------ | -------- | ----------- |
| <code>general</code> | <code>standard</code> | General Rate | 19.0%    |             |
| <code>reduced</code> | <code>standard</code> | 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:

* <code>credit-note</code>
* <code>debit-note</code>