Use
See
Taxes on Sales/Purchases, Sales Taxes and Additional Taxes.Features
In Colombia, the main taxes on sales and purchases include:
Excise duty is levied on a number of products – for example, various alcoholic drinks and tobacco products – over and above VAT. A sample tax code (IC) is delivered (15% VAT + 40% excise duty).
When you create a company code using the template for Colombia, the system automatically makes sample settings for these taxes.