#Ecopetrol #Colombia #Bogota #VAT

Update on VAT Proceedings Related to Fuel Imports

Ecopetrol S.A. has recently issued an update regarding the resolution of VAT proceedings concerning its fuel import activities, highlighting a significant tax obligation imposed by the Colombian National Tax and Customs Authority (DIAN). On January 22, 2026, Ecopetrol received Resolution 000571 from DIAN, reasserting its previous directive mandating that the company pay a total of COP 5.3 trillion in Value Added Tax, along with penalties related to late payments accrued from 2022 to 2024.

This announcement follows DIAN's official correction assessment from August 25, 2025, which called for this substantial payment. Ecopetrol has expressed its opposition to this decision, maintaining that it disagrees with DIAN's interpretation of relevant tax laws. As such, the energy giant is preparing to undertake legal action in accordance with Colombian tax regulations.

Ecopetrol has emphasized that the legal dispute is being handled collaboratively with DIAN, evidencing a commitment to work within a structured framework to resolve the matter. The company has reaffirmed its dedication to fulfilling its customs and tax obligations, reinforcing its respect for the decisions rendered by appropriate authorities in this context.

Context of the Issue

Ecopetrol is recognized as Colombia's largest company and a key player within the American energy sector, employing over 19,000 individuals. The firm accounts for a staggering 60% of the country's hydrocarbon production, managing extensive logistics and refining systems. This pivotal role extends to prominent positions in petrochemicals and gas distribution.

The recent developments arise as Ecopetrol embarks on new ventures, including the acquisition of a majority stake in Interconexión Eléctrica (ISA). This strategic move positions Ecopetrol as a participant in energy transmission and further diversifies its operations across various Latin American territories.

With significant drilling and exploration operations in regions such as the Permian Basin and the Gulf of Mexico, the stakes for Ecopetrol are high. This situation underlines the importance of comprehending local tax regulations and their implications for large enterprises engaged in complex auto-fueling and energy practices.

Future Considerations

Looking ahead, the outcome of these VAT proceedings could significantly influence Ecopetrol's financial stability and operational strategies. The company is keenly aware that fluctuations in oil and gas market prices, regulatory changes, and Colombia's economic health can drastically alter its business landscape.

As the case progresses through the legal channels, Ecopetrol will remain vigilant, ensuring compliance with all tax obligations while also advocating for its interpretation of the law. Stakeholders and investors will likely monitor these developments closely due to their potential repercussions on strategic financial planning and investment trajectories within the company.

Ecopetrol's management continues to reinforce their commitment to transparency and prompt communication with stakeholders, indicating that further updates will be provided as the legal situation evolves.

In summary, the ongoing VAT proceedings present both challenges and opportunities for Ecopetrol, requiring careful navigation through Colombian tax regulations while maintaining its pivotal role in the energy sector. Through cooperative engagement with DIAN and robust legal strategies, Ecopetrol hopes to resolve these disputes favorably, ensuring continued growth and stability in an ever-changing market landscape.