The treaty includes reduced withholding tax rates on passive income, permanent establishment rules and rules for taxing capital gains.
On 19 November 2021, the governments of Colombia and Uruguay signed a double tax treaty (DTT). The DTT includes provisions that may reduce taxation on transactions and investments between both countries.
Principal purpose test and anti-abuse rules
In line with the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS)…