BOGOTA, Colombia, June 26, 2025 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), the largest company in Colombia, today announced that it is contesting a significant tax assessment related to gasoline imports. The Dirección de Impuestos y Aduanas Nacionales (Tax Authority) has issued two resolutions to Refinería de Cartagena S.A.S., demanding corrections to customs import declarations between 2022 and 2024.
The Tax Authority’s interpretation of the law has led to a demand of approximately COP 1.0 trillion, alongside estimated interest charges of COP 2.1 trillion. Ecopetrol’s Refinery has filed motions for reconsideration against these assessments, reflecting what the company views as ongoing differences in regulatory interpretation, as detailed in its filings.
In light of the Tax Authority’s stance, Ecopetrol and the Refinery have been paying a 19% VAT on gasoline and diesel imports since January 2025. However, the company is keen to emphasize that these payments do not preclude the right to challenge the Tax Authority’s interpretation through the appropriate channels. This approach underscores Ecopetrol’s commitment to upholding compliance with its customs and tax responsibilities, an ethos reiterated in a May 6, 2025, communication.
Ecopetrol, a key player in the energy landscape, is also one of the main integrated energy companies in the American continent, with more than 19,000 employees. It controls over 60% of Colombia’s hydrocarbon production, manages crucial transport and refining networks, and holds leadership positions in the petrochemical and gas distribution sectors. Following the acquisition of a 51.4% stake in ISA, Ecopetrol has expanded into energy transmission, real-time systems management, and the Barranquilla-Cartagena coastal highway through its holding in ISA. Internationally, Ecopetrol maintains a significant presence in strategic basins across the Americas, with exploration and drilling activities in the United States, Brazil, and Mexico.
This release contains forward-looking statements within the meaning of U.S. securities laws. These statements inherently involve risks and uncertainties, particularly concerning the Company’s growth prospects and funding. Actual results may differ materially due to factors such as fluctuations in oil and gas prices, market conditions, and economic performance in Colombia. The Company does not assume any obligation to update these forward-looking statements.
Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/3451.html
