DTT between the Czech Republic and Republic of Colombia entered into force

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
Double Taxation Treaty (DTT) between the Czech Republic and Republic of Colombia entered into force on May 6, 2015
Fri, 29/05/2015

Based on the information received from the Czech Embassy in Bogota, the Ministry of Finance announces that Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income between the Czech Republic and the Republic of Colombia, which was signed in Bogota on March 22, 2012, entered into force on May 6, 2015.

The provisions of DTT will be carried out as follows:

  1. in respect of taxes withheld at source on amount paid or credited on January 1, 2016 or later
  2. as regards the failure to collect taxes withheld at source, to income in any taxable year beginning January 1, 2016 or later

The text of the Treaty will be published in the Collection of International Treaties soon.

 

Impact on investors:  DTT between the Czech Republic and Republic of Colombia.