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 a…