VAT REFUND FOR FOREIGN TOURISTS

Source: www.dian.gov.co

This day, I want you to know some tax benefits that can use tourists when they visit Colombia.

I hope will be useful.

VAT REFUND FOR FOREIGN TOURISTS

Benefit

Foreign tourists not residing in Colombia have the right to a 100% refundof value-added tax (VAT) paid on the goods taxed in Colombia, andforeign visitors who do not reside in Colombia and are transiting the border havehe same right on the purchase of taxed goods in the Special Units ofBorder Development. The following goods are eligible for the refund:

• Clothing
• Compact Discs
• Linens and Underwear
• Emeralds
• Footwear
• Handicrafts
• Appliances
• Perfumes
• Leather products
• Toys
• General jewelry
• Hardware items

Places Authorized for its  Registration

Colombian Tax and Customs Authority Offices located in international airports or ports or at the control posts of Special Units of Border Development.

Amounts Subject to Refund and Maximum Units of the  Same Article

When the value of the purchases including VAT is equal to or greater than ten (10) Tax-Value Units. For 2016.

COP $ 297.530

USD $       100

The maximum refund amount will be up to an equivalent value of one hundred (100) Tax-Value Units. For 2016.

COP $ 2,975.300

USD $       1.000

The amount of units of the same article with the right to refund will be a maximum of ten(10).

More information in: DIAN - VAT REFUND FOR FOREIGN TOURISTS

Note: the dollar value is subject to the exchange rate in effect at the time of application.