Canada To Hold Tax Treaty Negotiations With Colombia

by Mike Godfrey, Tax-News.com, Washington

11 September 2007

The Canadian Department of Finance has announced that negotiations for an income tax treaty between Canada and Colombia will be held the week of September 24, 2007, in Bogota.

In a statement issued September 7, the Finance Department explained that it is eager to ensure that persons whose interests are affected have an opportunity to inform the government of any particular issues of double taxation that might need to be taken into account during the course of negotiations.

The government is particularly interested in learning of any difficulties encountered by Canadians under the tax system of Colombia.

During 2007, Canada has continued to expand its large network of double taxation avoidance treaties, with the entry into force of agreements with South Korea and Finland in January, and Mexico in April. Canada has also launched tax treaty negotiations with Spain and Greece.

Last year, tax treaties with Azerbaijan, Armenia and Oman entered into force, while tax treaty negotiations were launched with the Malaysian government.

A tax agreement with Ireland entered into force in April 2005.

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