Page 293 - B2B All Year Round Vol.8

Incentives that promote the development of the automotive

sector

• Program aimed at vehicle assemblers and auto parts manufacturers.

• It allows the import of inputs that are not produced in Colombia with
PROFIA exemption from tariff levies.

• The benefit applies independently if the final good is destined for the local

market or for export.

• It allows to import CKD material free of customs duties for the production of
ASSEMBLY vehicles and auto parts, to be assembled in Private Deposits for

REGIME FOR THE Transformation and Assembly or in Free Zones.

AUTOMOTIVE • The vehicles can be sold to the countries of the Andean Community

INDUSTRY (Colombia, Peru, Ecuador, Bolivia and Venezuela) with 0% customs tariff,

provided that minimum levels of sub-regional content are reached.

IMPORTS WITH 0% Decree 272 of 2018

TARIFF 0% tariff for the imports of raw materials and capital goods that do not have
national production.

44