| Update: | Compliance Alert - DIAN publishes the value of the Tax Value Unit (UVT) applicable from 2024 |
| Date: | 2023-12-27 |
The Department of National Taxes and Customs of Colombia (DIAN) has published Resolution 000187, under which the new value of the Tax Value Unit (UVT) set for the year 2024 is communicated.
Dian has released Resolution 000187 setting the UVT for the year 2024.
The UVT converts the values expressed in this unit into absolute values that apply to the provisions of tax and administrative obligations established by the DIAN. The establishment of the UVT value determines the maximum amount applicable for the issuance of the cash register machine ticket with P.O.S system, which may not exceed five (5) UVT. Therefore, as of the entry into force of the change in value of the UVT, an electronic invoice must for sales from COP 235,325 (ca. EUR 54,34), however, the end customer may request the issuance of the electronic invoice regardless of the amount.
The new UVT for the year 2024 is COP 47,065 (ca. EUR 10.88), which means an increase of COP 4,653 (ca. EUR 1,07) compared to 2023.
It was carried out in accordance with the certification of the National Administrative Department of Statistics (DANE), on the accumulated variation of the Consumer Price Index (CPI), for the middle class in the period from 1 October 2022 to 1 October 2023.