Ongoing Customs Adjustment Procedure Initiated by the Colombian Tax and Customs Authority

Key Takeaways:

• Ecopetrol Notified by DIAN: The company received an official notification from the Colombian Tax and Customs Authority.
• Special Customs Requirement No. 525 Issued: The specific requirement marks the initiation of a customs adjustment procedure.
• Notification Date – June 3, 2025: The date when DIAN issued the notification to Ecopetrol.
• Announcement Date – July 2, 2025: Ecopetrol disclosed the information publicly on this date.
• Ecopetrol’s Market Listings: The company is listed on the BVC as ECOPETROL and on the NYSE as EC.

Ecopetrol Receives Customs Notice from Colombian Authorities

Introduction

Ecopetrol S.A., one of Colombia’s leading petroleum companies, announced that it has been notified of a Special Customs Requirement by the nation’s tax authority. On June 3, 2025, the Colombian Tax and Customs Authority (DIAN) issued Special Customs Requirement No. 525 to Ecopetrol, initiating an ongoing customs adjustment procedure involving the company.

Company Background

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), commonly referred to as “the Company” or “Ecopetrol,” is a major player in the global energy market. With listings on both the Colombian Stock Exchange (BVC) and the New York Stock Exchange (NYSE), it holds a significant position in the petroleum industry.

Details of the Notification

The Special Customs Requirement No. 525, as notified by DIAN, signifies the commencement of a formal customs adjustment process. While the specific details of the requirement remain undisclosed, such notifications typically involve assessments of import and export activities to ensure compliance with national regulations.

Regulatory Context

The Colombian Tax and Customs Authority routinely conducts customs adjustment procedures to regulate and monitor the activities of companies engaged in international trade. This action toward Ecopetrol highlights the authority’s ongoing efforts to enforce compliance within the industry.

Conclusion

Ecopetrol’s receipt of the Special Customs Requirement underscores the dynamic regulatory environment in which the company operates. By announcing the notification on July 2, 2025, Ecopetrol demonstrates a commitment to transparency with its stakeholders as it navigates the customs adjustment procedure initiated by DIAN.