Colombia's tax agency proposed a 1.5% withholding tax on electronic payments, exempting credit/debit transactions and certain natural persons. Decree 1,066 enables information sharing for determining tax obligations.
Colombia Outlines New Tax Policy for Electronic Transactions
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Author: Ema Stamenković
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Content accuracy validation date:
03.11.2025
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09:00h
A statement outlining plans to implement a new withholding tax on specific electronic payments was released by Colombia's tax agency.
Recently, a draft regulation was made available for public comment on a proposal to apply the same 1.5 percent withholding tax rate that is currently exempt for payments made with credit and debit cards to electronic payments.
According to the tax agency, the withholding tax only applies to payments or account credits that may be considered taxable income for income taxpayers resulting from the sale of goods or the rendering of services. It confirmed that transfers will not be subject to withholding if they do not represent income from the sale of goods or the rendering of services.
Additionally, the tax agency stated that if the recipient of the payment is a natural person exempt from VAT, withholding will not be applied, even if the payment represents taxable income for the taxpayer.
Decree 1,066 was issued on October 15, 2025, to allow the tax agency to share with pertinent taxpayers information about the tax status of recipients. This will help withholding agents to fulfill their duties by enabling them to ascertain whether a withholding tax obligation is present.
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