Monday, October 2, 2023

VAT refund 2023: How do I know if I am a beneficiary and what are the payment dates? | DPS | Social prosperity | Colombia | CO | Trends | COLOMBIA

The coronavirus pandemic has negatively affected the economies of many countries around the world. Unfortunately, Colombia was no exception. To address this situation, which mainly affects the most vulnerable families, the country’s government decided to introduce the VAT refund, a measure to support people in vulnerable situations. To learn more about the topic, Depor prepared the article.

How can I check if you are a beneficiary of the VAT refund?

To check whether you are entitled to a value added tax (VAT) refund and to confirm whether your name appears in the updated list of beneficiaries, follow the instructions below:

  • Visit
  • Click on the “Check if you are a beneficiary here” button.
  • Enter your ID number in the pop-up window.
  • Run the query to get the information you’re looking for.

When will the VAT be refunded?

Social Prosperity announced that funds from the VAT refund program will be available to 2 million beneficiary households from Monday, September 4th. These resources correspond to cycles 1, 2 and 3 of 2023, as well as payments unclaimed by beneficiaries of the December 2022 cycle. The payments will be available until September 24 and the company’s total investment for this transfer is 534,000 million pesos.

How do you check if you are entitled to a VAT refund?

If you would like to determine whether you are a beneficiary of this program, you can enter your identification number in the “Confirm your beneficiary status here” section. You also have the option to contact the national number 01-8000-95-1100 for more information on this topic.

It is important to note that when you access the website, you will first be asked to update your details in the Sisbén IV system in order to receive relevant information about your eligibility for a value added tax (VAT) refund. This will help you determine whether you meet the requirements set by the program.

What requirements do you need to meet to access the VAT refund?

To be eligible and receive the benefits of VAT refund, registration in Sisbén is required. Through this platform, the government can effectively identify families facing the greatest challenges and provide them with appropriate financial support.

How is a household’s status under the VAT refund program determined?

There are four categories that define a home’s status within the program:

  • Registered: A potential beneficiary household of the program is taken into account and assigned a code even though it does not yet meet the requirements to receive the VAT refund.
  • Beneficiary: The household is granted a discount on the payment of taxes.
  • Not current: The owner has requested removal from the program, it is a single-person household, or the owner has died or moved.
  • Ineligible: The household does not meet the requirements to receive the VAT refund for various reasons.
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