What happens if I don't pay taxes in Colombia?
Posted: Mon Jan 06, 2025 6:49 am
Tax evasion in Colombia can have serious consequences, according to the DIAN. This includes fines, penalties, interest charges and legal action for failure to pay the appropriate taxes.
For example, if a company evades taxes, the DIAN can impose a fine upon identifying the non-payment or upon the expiration of the deadline. Thereafter, interest is applied on the unpaid amount, which can significantly increase the debt.
On the other hand, tax evasion can lead to number database legal consequences, which further aggravates the situation of the evader.
What taxes do I have to pay if I have an online store?
If you are an entrepreneur with an online business, you must take into account, among the various taxes in Colombia , which ones you are obliged to pay according to your economic activity and the products you sell.
E-commerce stores in Colombia are required to charge and collect Value Added Tax (VAT) on each sale. The current VAT rate is 19%.
Legal entities that run an online store must pay income tax on their profits. The standard corporate income tax rate is 35%, but there are certain deductions and exemptions that may apply.
Online stores selling imported goods are subject to tariffs, which are taxes on goods imported into Colombia. Tariff rates vary depending on the type of imported product.
E-commerce sites may be subject to the Industry and Commerce Tax, which is a municipal tax. The tax rate varies by municipality.
To simplify the management of your online store and ensure that you meet all your obligations, it is best to have a partner who supports the operation and allows you to focus on key issues for your business.
Tiendanube is an excellent option, because it not only offers you an intuitive and easy-to-use platform to create your e-commerce, but it also gives you tools to manage your sales, inventories and billing efficiently.
This will be of great help if you want to keep a precise control of your income and expenses, which will allow you to comply with your tax obligations more easily and effectively. Go ahead and take a free 14-day trial and discover how to boost the management of your online store.
For example, if a company evades taxes, the DIAN can impose a fine upon identifying the non-payment or upon the expiration of the deadline. Thereafter, interest is applied on the unpaid amount, which can significantly increase the debt.
On the other hand, tax evasion can lead to number database legal consequences, which further aggravates the situation of the evader.
What taxes do I have to pay if I have an online store?
If you are an entrepreneur with an online business, you must take into account, among the various taxes in Colombia , which ones you are obliged to pay according to your economic activity and the products you sell.
E-commerce stores in Colombia are required to charge and collect Value Added Tax (VAT) on each sale. The current VAT rate is 19%.
Legal entities that run an online store must pay income tax on their profits. The standard corporate income tax rate is 35%, but there are certain deductions and exemptions that may apply.
Online stores selling imported goods are subject to tariffs, which are taxes on goods imported into Colombia. Tariff rates vary depending on the type of imported product.
E-commerce sites may be subject to the Industry and Commerce Tax, which is a municipal tax. The tax rate varies by municipality.
To simplify the management of your online store and ensure that you meet all your obligations, it is best to have a partner who supports the operation and allows you to focus on key issues for your business.
Tiendanube is an excellent option, because it not only offers you an intuitive and easy-to-use platform to create your e-commerce, but it also gives you tools to manage your sales, inventories and billing efficiently.
This will be of great help if you want to keep a precise control of your income and expenses, which will allow you to comply with your tax obligations more easily and effectively. Go ahead and take a free 14-day trial and discover how to boost the management of your online store.