Colombian tax is administered by the DIAN. As of 6 February 2026, the standard IVA is 19 percent, electronic invoicing through the DIAN is mandatory for taxable businesses, and a four per thousand financial transaction tax known as the GMF generally applies to withdrawals and certain account movements. A municipal ICA tax applies to industrial, commercial, and service activity and varies by municipality. Confirm what applies to your activity with the DIAN or a tax adviser.
- Tax authority
- DIAN, the national tax and customs authority.
- Standard IVA
- 19 percent, with reduced rates and exemptions for some goods and services.
- Electronic invoicing
- Mandatory through the DIAN system, with a digital signature.
- Account taxes
- Four per thousand GMF on covered movements; municipal ICA on activity.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How tax touches a business account in Colombia
A business account in Colombia sits inside a tax system built around the RUT and NIT, electronic invoicing, and several taxes that interact with money moving through the account. As of 6 February 2026, the DIAN matches the electronic invoices you issue with what you report, so keeping invoicing and bank records aligned matters. The taxes most likely to affect day to day banking are the IVA you charge and remit, the four per thousand GMF on account movements, and withholding taxes that apply to certain payments.
IVA and electronic invoicing
The standard IVA is 19 percent, with reduced rates and exemptions for some goods and services. As of 6 February 2026, taxable businesses must issue electronic invoices through the DIAN system using a digital signature, and the DIAN provides a suggested IVA return drawn from that invoice data that the taxpayer reviews and remains responsible for. Filing frequency, bimonthly or every four months, depends on revenue, so confirm your schedule with the DIAN.
The four per thousand GMF and ICA
The four per thousand, the GMF or Gravamen a los Movimientos Financieros, is a 0.4 percent tax that generally applies to withdrawals and certain movements from bank accounts, with some exemptions available within limits. Separately, the ICA, Impuesto de Industria y Comercio, is a municipal tax on industrial, commercial, and service activity whose rate is set locally. As of 6 February 2026, both can affect your effective costs, so confirm how they apply to your account and your municipality.
How to stay compliant
- Keep the RUT current with the DIAN and issue electronic invoices for taxable transactions with a valid digital signature.
- Track the IVA you charge and remit, and confirm your filing frequency with the DIAN based on your revenue.
- Account for the four per thousand GMF on covered movements and the municipal ICA where you operate, and verify the current rules with a tax adviser.
Questions about tax and compliance in Colombia
What is the IVA rate in Colombia?
Is electronic invoicing mandatory for businesses in Colombia?
What is the four per thousand tax in Colombia?
What is the ICA tax in Colombia?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 February 2026. Confirm current terms with the provider before applying.