The treaty includes reduced withholding tax rates for certain passive income and permanent establishment provisions. Taxpayers in the technology/software industry should be aware of the technical services/technical assistance and royalty provisions as they might benefit from a reduced withholding tax rate of 10%. Both Colombia and Brazil must complete their internal ratification processes for the treaty to enter into force.Executive summaryOn 5 August 2022, the governments of Colombia and Brazil signed a Double Tax Treaty (DTT), aimed at avoiding double taxation on transactions and investments between both jurisdictions, as well as preventing tax evasion and avoidance. The DTT must complete...