VAT or IVA Tax Return for foreigners in Colombia
Colombia has emerged as a great tourist destination, and foreigners visiting the country as tourists can benefit from the tax return of the Impuesto al Valor Agregado (IVA) or Value Added Tax (VAT), according to Resolution 1495 of 2021. In expatgroup.co, we provide an updated guide in 2023 about who is eligible and how to request this tax refund. To qualify, foreign tourists must possess a valid tourist permit or a Tourist Visa (V-Type) and collect other required documents. Qualifying purchases of goods must amount to COP 127,236 or more. While there are limitations and requirements, this process significantly benefits international visitors exploring Colombia.