Colombia: VAT Exemption on Smart Devices
Decree 1515 of 2017, published on September 15, 2017, and in force as of that date, regulates Article 424(6) of the Tax Code (TC) regarding the value-added tax (VAT) exemption on smart devices. Details are:
- According to Article 424(6), smart devices (mobile phones and tablets) not exceeding 22 tax value units (TVUs) are exempt from VAT
- Article 184.108.40.206.10 of Decree 1625 of 2016 is amended, providing the technical requirements that mobile phones and tablets must comply with to be eligible for the VAT exemption
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