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Financial News: COLOMBIA: Government Agrees With Japan's Elimination Of Do

COLOMBIA: Government Agrees With Japan's Elimination Of Double Taxation

12/21/2017 - 19:23:00 (RTTNews)

(RTTNews) - The governments of Colombia and Japan announced a principle of agreement to eliminate international double taxation and also to prevent tax evasion and contribute to the growth of bilateral investment.

The Colombian Finance Minister, Mauricio Cárdenas, welcomed the agreement reached by the negotiating delegations and said that "with this agreement, confidence will be generated for the businessmen of both countries and Japanese investment in Colombia will be stimulated."

The final agreement should be signed once both governments review the final draft and carry out the internal processes. The next step, in the case of Colombia, is to obtain legislative approval.

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