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Colombia Approves Pending Tax Treaty with the UK

15 October 2018

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Treaty Development

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Colombia-United Kingdom

On 4 October 2018, the Congress of Colombia approved for ratification the pending income and capital tax treaty with the United Kingdom. The treaty, signed 2 November 2016 ({News-2016-11-09/T/4-previous coverage}), is the first of its kind between the two countries. It will enter into force once the ratification instruments are exchanged and will apply in Colombia from 1 January of the year following its entry into force, and in the UK from 1 January of the year following its entry into force in respect of withholding taxes, from 1 April next following its entry into force in respect of corporation...