Brazil’s Chamber of Deputies has passed Draft Legislative Decree No. 311/2024, which ratifies the pending income tax treaty with Colombia on 27 March 2025.
The treaty has been 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 ratification instruments are exchanged and apply from 1 January of the following year.
