Obligations in Colombia for 2024 (Part 2):

  1. For those who own real estate:
  • Pay the property tax. It must be paid quarterly or semiannually according to the property’s location. Or you can pay in full at the beginning of the year with some discount.
  • Pay the property’s utilities monthly.
  • Pay the administration bill if the property is located within a condominium.
  • Pay monthly the property value appreciation tax. (if applicable)

2. For those who own a vehicle

  • Pay the circulation/road tax annually.
  • Acquire the mandatory insurance (soat) annually.
  • If you wish, you can purchase an additional insurance.
  • Check from time to time that you do not have any traffic fine.
    This is not legal advice, only general information.
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