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Canada-Colombia Tax Treaty Now in Force - by Maryse Mayer  

Global Tax Adviser

 

July 17, 2012

 

Maryse Mayer
Montreal, International Corporate Tax

 

Finance has announced that its tax treaty with the Republic of Colombia came into force on June 12, 2012. Under the treaty, which was signed on November 21, 2008, withholding tax is limited to:

  • 5% on dividends between affiliated companies
  • 15% on dividends in all other cases
  • 10% on interest and royalties.

 

Entry into force
The treaty will have effect in Canada for tax withheld at source on amounts paid or credited to non-residents, on or after January 1, 2013. For other taxes, the treaty will have effect for taxation years beginning on or after January 1, 2013.

 

For more information, contact your KPMG adviser.

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