The income tax treaty between Brazil and Colombia was signed on 5 August 2022. The treaty is the first of its kind between the two countries and provides for the following withholding tax rates: Dividends - 10% if the beneficial owner is a company that has directly held at least 20% of the paying company's capital throughout a 365-day period that includes the day of the payment; otherwise, 15% Interest - 10% if the beneficial owner is a bank or financial institution and the loan has been granted for at least five years for the financing of the purchase of...