DIAN REVENUE RULING
A gift to a qualified charitable organization entitles the donor to a tax credit against its income tax
According to the changes introduced by Law 1819 of 2016, donations are non-tax-deductible against income tax, but they give rise to an income tax credit
By means of its Revenue Ruling No. 01880 of 2017, the Colombian Tax Authority- DIAN determined that nonprofit entities must be previously qualified into the Special Tax Regime in order for the donor to be able to use the tax credit on the donation.
The tax credit for donations made to nonprofit entities qualified into the Special Tax Regime is equivalent to 25% of the donated value, subject to certain limitations.