Ecopetrol faces COP 5.3 trillion VAT penalty on gasoline imports

Summary

Ecopetrol has been notified by Colombia's DIAN of a VAT penalty totaling COP 5.3 trillion on gasoline imports, covering the period from 2022 to 2024. The company disagrees with DIAN's interpretation and plans to pursue legal actions. This resolution follows a prior assessment mandating the payment of VAT and associated penalties.

Recent Coverage

• Ecopetrol S.A. submitted the Corporate Governance Best Practices Implementation Report - Código País for 2025

  PR Newswire • Jan 30

• Ecopetrol Announces Minority Shareholders' Nominee to the Board of Directors on Slate Proposed by Government of Colombia

  PR Newswire • Jan 30

• Update on the VAT proceedings related to fuel imports

  PR Newswire • Jan 24