Many countries in the world have not yet recovered from the economic consequences of the coronavirus, among them is Colombia. For this reason, the authorities had to create new strategies to help their citizens, especially the most vulnerable, one of those proposals is to VAT refund (Value Added Tax), a measure designed so that citizens can cope with the financial consequences of paying taxes. To learn more about it, Depor has prepared this article with information on the subject.
How to verify if you are a beneficiary of the VAT Refund?
To check if you are eligible to receive the Value Added Tax (VAT) Refund and confirm if your name appears on the updated list of beneficiaries, follow the instructions below:
- Access the website devolutioniva.prosperidadsocial.gov.co/.
- Click on the “check here if you are a beneficiary” button.
- In the pop-up window, enter your ID number.
- Make the query to obtain the information you are looking for.
When will VAT Refund payments be made?
Social Prosperity announced that funds from the VAT Refund program will be available to 2 million beneficiary households starting Monday, September 4. These resources correspond to cycles 1, 2 and 3 of 2023, as well as the payments not claimed by the beneficiaries of the December 2022 cycle. The payments will be available until September 24, and the entity’s total investment for This transfer is 534,000 million pesos.
What requirements must you meet to access the VAT Refund?
It is necessary to be registered in Sisbén to be eligible and receive the benefits derived from the Value Added Tax (VAT) Refund. Through this platform, the Government can effectively identify families facing greatest challenges and provide them with corresponding financial assistance.
How to check if you are eligible for VAT Refund?
If you wish to determine if you are a beneficiary of this program, you can enter your identification number in the section titled “verify your beneficiary status here.” You also have the option of contacting the national number 01-8000-95-1100 for additional information on this matter.
It is important to note that when accessing the website, you will be asked to update your data in the Sisbén IV system as a first step to obtain relevant information about your eligibility to access the Value Added Tax (VAT) Refund. This will allow you to determine if you meet the requirements established by the program.
How is a household’s status determined in the VAT Refund program?
- Registered: A potential beneficiary household of the program is considered and a code is assigned, although it does not yet meet the requirements to receive the VAT Refund.
- Beneficiary: The household is approved to receive a discount on paying taxes.
- Not Current: The owner requested to be removed from the program, or it is a single-person household, or the owner died or moved.
- Not Eligible: The household does not meet the requirements to receive the VAT refund due to various reasons.