The Colombian tax authority (DIAN) recently released Ruling 8935 int 1037 of 10 July 2025, which clarifies the withholding tax treatment of dividends paid to a holding company in a member country of the Andean Community. The ruling explains that where dividends are paid to a company in another member country that is subject to a holding company regime comparable to the Colombian holding company regime (Compañías Holding Colombianas - CHC) and with comparable tax treatment (exemption for fore…