With the expiration of the economic relief created in the pandemic by the Social Investment Law of the government of former President Iván Duque, in 2023 the National Consumption Tax (impoconsumo) will be collected again in Colombia, in establishments dedicated exclusively to the sale of food and beverages, which are registered with the Simple Taxation Regime (RST).
(Read: Income statement 2023: dates and deadlines to pay the tax).
As its name indicates, this tax is applied to the consumption of certain goods and services, and is regulated in the tax statute.
Although the impoconsumo is usually confused with VAT, there are big differences between the two, including that the Value Added Tax is a tax obligation that is discounted on purchases and that is borne by consumers of products or services at the time they pay. the price of the same, which does not affect the costs of the employer, while in the impoconsumo it does affect them, since it is up to the establishment to pay it.
We tell you the characteristics of each one and how much you would pay for each purchase:
This is a tax that taxes consumption. It implies a percentage of 19% on the price of each item purchased and service received. It is not applied directly to taxpayers’ income, but is collected at the time of the purchase and sale transaction of certain products.
It is paid by both consumers and businesses. Likewise, there are certain products that are exempt from VAT such as some foods that are part of the family basket and other health sector products such as masks, ventilation equipment and others.
(In addition: Clothes imported into Colombia will have a permanent tax of 40%).
The days without VAT were created to reactivate the economy.
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Once it is collected by the Dian, the money goes to the current income of the State, which usually Invest in the primary needs of citizens such as education, health, food and housing.
“It depends on the good, product or service that is being sold, it has some VAT benefits”explains Jeisson Balaguera, CEO of Values AAA.
However, the consumption tax is another type of taxation. It applies to certain goods and services. The tax base in this case ands the sale value excluding sales tax.
In short, it is a tax that is given for the provision or sale to the final consumer, or the importation by the final user, of certain goods and services.
(In addition: What will be the garments that will have a 40% tax in Colombia).
Some goods and services taxed with this tax are mobile phone services, internet and others. Vehicles, some motorcycles, aircraft and the service of sale of food and beverages prepared in restaurants and their derivatives.
There are several fees that apply. is of 4% for mobile telephony, 8% for restaurants and bars, vehicles, motorcycles and others. And 16% for aircraft, balloons and airships and others.
The consumption tax is charged by those who obtained total gross income the previous year, from the activity, less than 133,014,000 million (3,500 UVT). Also those who have a maximum of one commercial establishment, headquarters, premises or business where they carry out their activity.
(See: Get ready!: dates when taxes will have to be paid in 2023).
companies pay it every two months according to the percentage that applies to them.
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