On 20 March 2019, Italy's Council of Ministers approved the law for the ratification of the pending income tax treaty with Colombia. The treaty, signed 26 January 2018, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Colombian income tax and its complementary taxes and covers Italian individual income tax, corporate income tax, and the regional tax on productive activities.
Residence
If a company is considered resident in both Contracting States, the …