Colombia Tax News
Tax changes in force as of 1 January 2007
24 February 2007
Major tax reform Bill presented to Congress
14 October 2006
Treaty between Columbia and Spain ratified
12 September 2006
Tax reform plan announced
13 August 2006
Details of the first-time income and capital tax treaty and protocol between Spain and Colombia, signed on 31 March 2005, have become available. The treaty was concluded in the Spanish language and generally follows the OECD Model Convention.
9 November 2005
On 3 August 2005 Brazil approved the protocol to the Belgium-Brazil income tax treaty of 23 June 1972, signed on 20 November 2002. Under the supplementary treaty, the maximum rates of withholding tax are:
21 September 2005
It is reported that the government intends to reduce the corporate income tax rate, and to abolish the 7% surtax on income remittances abroad (other than dividends). A tax reform bill to reduce corporate income tax rates is expected to be introduced in November 2005.
21 September 2005