Colombia and Korea have signed an agreement to avoid double taxation and a financial cooperation agreement in Bogota in the presence of finance and education ministers, Oscar Ivan Zuluaga, and Cecilia Maria Velez, and the Ambassador of Korea, Mr Hong Seong Hoa.
These formal agreements are the result of rounds of negotiations held in Bogotá and Seoul which led to agreement in principle in November 2009. An agreement on reciprocal promotion and protection of investments was signed between the two countries in Korea on July 6, 2010 and negotiations continue on a Free Trade Agreement.
The Colombian finance ministry states that the double taxation agreements provide Colombian and Korean investors with a favorable and stable legal framework for their investments. In addition, the agreements include important mechanisms for the prevention of tax avoidance and evasion.
.Tags: tax | trade | agreements | free trade agreement (FTA) | double tax agreement (DTA) | Colombia | Korea, South
Network Tweets
Archive |
Resources |
Partners |
Site Map |
Links |
Newsletter Archive |
Contact
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment