The treaty includes provisions for permanent establishments that are aligned with OECD Model 2017, a mutual agreement procedure when an entity has double tax residence, and reduced withholding tax rates for dividends, interest and royalties.
On 6 October Colombia and Italy completed the exchange of letters procedure, confirming that they concluded their domestic procedures for ratifying the double tax treaty (DTT) signed between both countries (approved in Colombia by Law 2004 of 2019). As per th…