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Colombia Ratifies Tax Treaty with South Korea

|Treaty Development|Colombia-Korea, Rep of
Colombia-Korea, Rep of

Colombia's Constitutional Court has ratified the tax treaty signed with South Korea (Republic of Korea). The treaty was signed July 27th, 2010 and includes the following withholding rates:

  • Dividends - 5% if the beneficial owner is a company (other than a partnership) that holds at least 20% of the paying company's capital, otherwise 10%
  • Interest - 10%
  • Royalties - 10% (Includes royalty payments f…

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