According to an update to the IRS Country-by-Country Reporting Jurisdiction Status Table, the U.S. signed a bilateral competent authority arrangement on the exchange of Country-by-Country (CbC) Reports with Colombia on 30 August 2017. The arrangement is effective from the date it was signed.
The arrangement provides that pursuant to the provisions of Article 4 (Exchange of Information) of the 2001 tax information exchange agreement between the two countries, each competent authority intend…