A Decree regulating article 578 of the Tax Code is currently being prepared by the Government. The proposed Decree introduces a mechanism for non-resident companies and individuals to request a refund of the dividend tax withheld in excess provided that:
| - | the recipient is resident of a jurisdiction with which Colombia has a tax treaty in force; | |
| - | dividend tax was withheld at the regular rate and not at the reduced rate as established by t… |