Brazil and Colombia signed an agreement to avoid double taxation on Friday (05.08.2022/XNUMX/XNUMX), an instrument that will facilitate investments between the two countries, according to the Colombian tax authority.
"After several rounds of negotiations between the delegations of the Federal Revenue Service of Brazil and the National Tax and Customs Directorate (DIAN) of Colombia, the agreement was signed today in the city of Brasilia 'Convention for the elimination of double taxation with respect to taxes on income and for the prevention of tax avoidance and evasion' and its Protocol,” the official statement said.
The Convention was signed by the Ambassador of Colombia to the Government of Brazil, Darío Alonso Montoya Mejía, and by the Special Secretary of the Federal Revenue of Brazil, Julio Cesar Vieira Gomes.
According to the DIAN, this cooperation instrument will allow both countries to further boost their trade relations and promote investment between the two nations through mechanisms to alleviate double taxation.DIAN Press Release)
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