Decree 2193 issued on 7 October 2013 and applicable for income tax purposes as from 1 January 2014, establishes the list of countries and territories that are considered low-tax jurisdictions. For a 1-year term, certain jurisdictions are not included in the list because the Colombian government is currently negotiating exchange of information agreements with these countries. These countries include Barbados, Bermuda, Kuwait, Qatar and the United Arab Emirates.
The low-tax jurisdiction list should be reviewed and amended by the government on a yearly basis. The jurisdictions currently excluded from the list for a one year term will be included in the low-tax jurisdiction list if the respective exchanges of information agreements are not signed before the yearly governmental review.
