Colombia Tax News
Tax reform bill – submitted to Congress
2 December 2012
Refund mechanism for dividend tax withheld in excess of treaty rate – Decree proposed
23 October 2012
Treaty between Canada and Colombia enters into force
14 October 2012
Transfer pricing documentation and APA requirements – amended
14 October 2012
Treaty between Canada and Colombia enters into force
3 September 2012
Amendment to foreign tax credit declared unconstitutional
4 March 2012
Tax value unit for 2012
22 December 2011
Treaty between Switzerland and Colombia enters into force
15 September 2011
Treaty between Colombia and Portugal – details
28 February 2011
Tax value unit for 2011
9 January 2011
Treaty between Colombia and Chile enters into force
23 March 2010
Tax Value Unit for 2009
21 December 2009
Treaty between Chile and Colombia – details
16 September 2009
Treaty between Czech Republic and Colombia – first round of negotiations
7 June 2009
Treaty between Canada and Colombia signed
24 December 2008
Treaty between Colombia and Spain enters into force
24 December 2008
Treaty between Switzerland and Colombia submitted for approval
27 July 2008
Treaty between Mexico and Colombia – negotiations
27 July 2008
Treaty between Switzerland and Colombia signed
3 December 2007
Treaty between Canada and Columbia – negotiations
1 October 2007
Chile and Colombia signed a first-time income and capital tax treaty on 19 April 2007. Further details of the treaty will be reported subsequently.
18 June 2007
Treaty between Chile and Colombia – negotiations concluded
24 March 2007
Tax changes in force as of 1 January 2007
24 February 2007
Major tax reform Bill presented to Congress
14 October 2006
Treaty between Columbia and Spain ratified
12 September 2006
Tax reform plan announced
13 August 2006
Details of the first-time income and capital tax treaty and protocol between Spain and Colombia, signed on 31 March 2005, have become available. The treaty was concluded in the Spanish language and generally follows the OECD Model Convention.
9 November 2005
On 3 August 2005 Brazil approved the protocol to the Belgium-Brazil income tax treaty of 23 June 1972, signed on 20 November 2002. Under the supplementary treaty, the maximum rates of withholding tax are:
21 September 2005
It is reported that the government intends to reduce the corporate income tax rate, and to abolish the 7% surtax on income remittances abroad (other than dividends). A tax reform bill to reduce corporate income tax rates is expected to be introduced in November 2005.
21 September 2005