Colombia

Is there a legal rule in Colombia on the validity period of Giftcards? ›

In Colombia there is no specific legal rule on the validity period of Giftcards. Under the Commercial Code, a limitation period of three years applies. Merchants must clearly state validity on the Giftcard.

How are Giftcards treated for tax purposes in Colombia (VAT, single-purpose / multi-purpose)? ›

Giftcards are subject to VAT (IVA), which becomes payable upon redemption. A distinction between single-purpose and multi-purpose Giftcards is not defined by law.

What special rules apply in Colombia to the sale, issuance, or redemption of Giftcards? ›

Giftcard sales in Colombia are permitted and widespread. Electronic providers must register with the tax authority and comply with data-protection requirements.

What consumer rights apply in Colombia for expired Giftcards? ›

Under consumer protection law, a Giftcard expires after its expiry date. If validity information is missing, the consumer may request a refund.