Colombia has published Decree 1089 of 3 August 2020, which regulates the income tax credit for VAT paid on qualifying fixed assets provided for by article 258-1 of the Tax Code, as introduced by Law 2010 of 2019. Under article 258-1, taxpayers responsible for VAT may deduct from income tax payable, the VAT paid on real productive fixed assets and associated services necessary for putting the assets into use in the year the assets are put into use and begin to depreciate or amortize or in any…