DIAN REVENUE RULING
Necessary documents to obtain the reduced 5% VAT rate in the purchase of new housing units
Regarding these documents, a certificate issued by a notary public about its subscription before December 31st of 2017 must be annexed
In its Revenue Ruling No. 1067 of June 30th of 2017, the Colombian Tax Authority –DIAN- confirmed the type of certification that must be issued by the notary public, in order to obtain the 5% VAT rate in the purchase of new housing units whose value exceeds 26.800 UVT.
In this respect, the documents provided in article 468-1 are the “purchase agreement, separation document, pre-sales agreement, promise of sale, document of trust linkage and/or deed of sale”. The subscription of these documents before December 31 of 2017 must be certified by notary public.