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Colombia has Ratified the Tax Treaty With India

|Treaty Development|Colombia-India
Colombia-India

Columbia's Constitutional Court has ratified the tax treaty between Columbia and India. The treaty was originally signed in May 2011 and includes the following withholding rates:

  • Dividends - 5%
  • Interest - 10%
  • Royalties - 10%

The treaty is the first of its kind between the two countries and enter into force after the exchange of ratification instruments. The treaty will apply for income tax matte…