On 30 April 2014, the tax information exchange agreement (TIEA) between Colombia and the U.S. entered into force. The agreement was signed on 30 March 2001, and covers the following taxes:

• All U.S. federal taxes
• Columbian national taxes, including:
  • Income tax and complementary taxes
  • Sales tax
  • Stamp tax
  • Bank debit tax

Provisions of the TIEA generally apply from its date of its entry into forc…