Tax benefits

Taxes

40%
MORE THAN 40% SAVINGS
in payment of ZFO income tax.

TAXES

INCOME TAXES YEAR 2018

INCOME TAXES SURCHARGE YEAR 2018-2019

DUTY

VAT (Foreign purchases)

VAT (Domestic Purchases)

COLOMBIA

33%

4% – N/A

5%-15%

19%

19%

ZFO

20%

0%

0%

0%

0%

Benefits in Local Tax - (MOSQUERA)

1

Year 1

Discount: 80%

%Payment: 20%

2

Year 2

Discount: 60%

%Payment: 40%

3

Year 3

Discount: 40%

%Payment: 60%

4

Year 4

Discount: 20%

%Payment: 80%

5

Year 5

Discount: 0%

%Payment: 100%

Discount on the industry and commerce tax (ica) payment from the beginning of the company’s operations.

* This benefit is subject to the fulfillment with the requirement of generating direct employments in 50% of personnel residing in Mosquera.

MORE BENEFITS

Purchase and sale of products without VAT.

Construction of warehouses & offices without VAT.

Neither duties nor VAT are paid for the purchase of goods related to the User's economic activity.

No payment of tariffs on raw materials, capital goods, machinery.