According to a release from Colombia's Ministry of Finance and Public Credit, officials from Colombia and Italy signed an income tax treaty on 26 January 2018. The release notes that the treaty provides for a 5% withholding tax on dividends if the beneficial owner is a pension fund or a company holding at least 20% of the paying company's capital, with a 15% rate applied in other cases. With respect to interest withholding tax, an exemption applies if the beneficial owner is either Contracti…