Tax Convention with Colombia will Enter into Force

1. On August 5, the exchange of diplomatic notes between the Government of Japan and the Government of the Republic of Colombia for the entry into force of the “Convention between Japan and the Republic of Colombia for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” (signed on December 19, 2018) took place in Bogota.

2. This Convention, accordingly, will enter into force on September 4, 2022 (the thirtieth day after the date of exchange of diplomatic notes) and will have effect:

(a) in Japan:

(i) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning on or after January 1, 2023; and

(ii) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2023; and

(b) in the Republic of Colombia:

(i) with respect to taxes withheld at source, for amounts paid or credited on or after January 1, 2023; and

(ii) with respect to all other taxes, for taxable years beginning on or after January 1, 2023.

The provisions concerning the exchange of information and the assistance in the collection of taxes will have effect from September 4, 2022, without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.

【Reference】 Texts and Outline of the Convention

・“Convention between Japan and the Republic of Colombia for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance”（Japanese(PDF:254KB)・English(PDF:92KB)）

・Outline of the Convention

　→ Tax Convention with Colombia was Signed (December 20, 2018)