Ecopetrol Faces COP 5.3 Trillion VAT Dispute Over Fuel Imports

Ecopetrol S.A., Colombia’s largest company, has been notified by the Colombian National Tax and Customs Authority (DIAN) regarding a significant tax dispute. On January 22, 2026, DIAN issued Resolution 000571, confirming the requirement for Ecopetrol to pay a Value Added Tax (VAT) on gasoline imports, alongside a penalty. The total amount owed is estimated at **COP 5.3 trillion**, including interest accrued from 2022 to 2024.

This development follows an earlier ruling detailed in Official Correction Assessment 6224-2078, which DIAN issued on August 25, 2025. Ecopetrol has publicly expressed its disagreement with DIAN’s interpretation of tax laws and regulations. The company is committed to defending its position and intends to pursue appropriate legal actions in response to this resolution.

Despite the ongoing legal challenges, Ecopetrol emphasizes its commitment to fulfilling its customs and tax obligations. The company has reported that it is managing this dispute collaboratively with DIAN.

Company Overview and Market Position

Ecopetrol plays a vital role in Colombia’s economy, responsible for over **60%** of the country’s hydrocarbon production. The company, which employs more than **19,000** personnel, is a key player in the logistics, refining, and petrochemical sectors.

In addition to its domestic operations, Ecopetrol has expanded its reach across the Americas. The company holds significant interests in strategic basins in the United States, including the Permian Basin and the Gulf of Mexico, as well as drilling operations in Brazil and Mexico. Its acquisition of a **51.4%** stake in ISA has further diversified its portfolio, enabling involvement in energy transmission and road concessions in various countries.

Looking Ahead

The ongoing dispute with DIAN underscores broader challenges faced by companies operating in complex regulatory environments. Ecopetrol’s leadership is focused on mitigating risks while seeking clarity on tax obligations. While the company has made clear its intention to comply with legal requirements, it remains steadfast in its commitment to contest what it perceives as an unfair tax interpretation.

As the situation develops, stakeholders will be closely monitoring the implications for Ecopetrol’s financial health and operational strategy. The resolution of this dispute could have significant repercussions not only for the company but also for the broader energy sector in Colombia.

This announcement contains forward-looking statements that involve risks and uncertainties. Changes in market conditions, regulatory environments, and economic performance could impact the company’s future prospects.

For further details, inquiries can be directed to the Ecopetrol Investor Relations Office via email.