Columbia's Constitutional Court has ratified the tax treaty between Columbia and India. The treaty was originally signed in May 2011 and includes the following withholding rates:
- Dividends - 5%
- Interest - 10%
- Royalties - 10%
The treaty is the first of its kind between the two countries and enter into force after the exchange of ratification instruments. The treaty will apply for income tax matters in Colombia from January 1st of year following its entry into force and in India from April 1st o…