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Tax changes in force as of 1 January 2007

|Approved Changes|Columbia
Columbia

Law 1111 of 27 December 2006 entered into force as of 1 January 2007. Main changes to the current tax regime are summarized below.

Income tax law

-   The current corporate tax rate of 35% is progressively reduced to 34% in 2007 and 33% in 2008.
-   The withholding tax rate on dividends or distributions paid to non-residents is reduced from 7% to 0%.…

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