Colombia

Estatus EITI Progreso satisfactorio
Joined EITI in 2014
Datos más recientes desde 2017
Latest Validation 2018
Sitio web EITI Colombia
Last updated 10 June 2020

Overview

The extractive sector represents around 5% of Colombia GDP in 2018 and 1st Quarter of 2019. Colombia has published revenue data from the extractive industries since 2013 to 2018. The reports show that industry contribution to the state has declined over the years. While the sector generated 6.5 bn USD in fiscal revenues, this represents 9.6 % of total fiscal revenues. The sector is the largest exporter. In 2018 extractive exports totalled 23 bn USD from a total of 42 bn USD (53%). Ecopetrol continues to be the largest extractive company contributor. In 2018 Ecopetrol dividends alone represented 15% of total revenue from the sector. Companies reporting under the EITI Standard account for 88% of the revenues generated from the oil, gas and mining companies.

 

 

Tax code

Colombia extractive sector is subjected to the country's tax regime applicable to all sectors.

The main norms establishing the fiscal regime at the national, regional and municipal levels are available here. EITI-Colombia lists the main taxes levied at the national and subnational levels.

Colombia introduced a tax reform in 2018-9.

Contracts and licenses

Hydrocarbons contracts are published here. EITI-Colombia explains the procedures for awarding hydrocarbon contracts, the contractual regime including the technical and financial criteria. It also links to geo-referenced licensing map and additional information on contract status.

Mining cadastre is avalaible here. EITI-Colombia explains the procedures for awarding mining titles, the contractual regime including the technical and financial criteria. It also includes links to Traders registry, the Mining Management System and the Colombia Mining Information System. Additional statistics about the mining titles status is also available.

Production

The 2018 EITI Report provides information on extractive industry production, including:

Hydrocarbons:

Mining:

  • Coal:    85625 tonnes
  • Nickel: 94889 pounds
  • Gold:    35560 kgs

Additional production statistics for 2014-2018 are also available. 

Oil and Gas Production (Sm3 o.e.)

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Mineral Production (in Tonnes)

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Revenue collection

In 2016 Colombia received US$ 3,9 million from the extractive sector. These revenues came mainly from royalties (50.5%) and corporate income tax (20%). 

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Reconciled revenues by top 5 companies

Implementation

  • Since joining the EITI in 2014, Colombia has published five EITI Report covering fiscal years 2013 to 2018. The latest report was published in December 2018. The reports covers corporate tax, royalties, Ecopetrol’s dividends and other taxes.
  • Colombia also uses an online platform collect data directly from companies and government agencies.
  • It also includes a tool for searching geo-reference data for regions and municipalities on a number of issues including mining titles, licenses, production and royalties.
  • Colombia's reports brought innovative information on other topics like transportation and tax authority reforms.
  • Colombia's EITI portal includes a Guide to environmental payments and regulations.
  • EITI Colombia offers an online training programme which explains in 5 modules the country's extractive industry and how citizens can participate in accountability processes.
  • Civil society is engaged in implementation not only through the multi-stakeholder group, but also through the Mesa de la Sociedad Civil para las Industrias Extractivas, a wider network dedicated to transparency in the sector.

Governance

The Ministry of Mines and Energy hosts the EITI national secretariat. Deputy-Minister of Mining, Carolina Rojas is the EITI Champion and Lorena Roa is the National Coordinator. Within the Ministry, the sectorial planning unit (UPME) supports the MSG technical work. Below is the detailed composition of the National Tripartite Commission:

  • Government constituency
  • EITI Champion: Deputy Minister of Mines
  • National Tax Office (DIAN)
  • Planning National Department (DNP)
  • Industry constituency
  • Ecopetrol
  • Colombian Petroleum Association (ACP)
  • Colombian Mining Association (ACM)
  • Civil Society constituency
  • Crudo Transparente
  • Observatorio Colombiano de Minería - OCMI - Univ. del Rosario
  • Universidad Externado de Colombia

Timeline

Colombia Implementation 2020

 

Validation

The country was admitted as EITI candidate in 2014. Colombia's first Validation against the Standard commenced on 1 January 2018, and on June 2018 the Board decided it accomplished "satisfactory progress". It´s second Validation is scheduled to commence on 29 June 2021. 

Colombia's progress by requirement

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