Brazil’s Chamber of Deputies have passed Draft Legislative Decree No. 311/2024, which ratifies the income tax treaty with Colombia on 27 March 2025.
It is now being presented to the Senate for final approval.
Signed on 5 August 2022, it is the first treaty between Brazil and Colombia and aims to eliminate double taxation on income and capital while addressing tax evasion and avoidance between the two countries.
The agreement will take effect once the ratification instruments are exchanged and will apply from 1 January of the following year.
