Luxembourg’s Chamber of Deputies gave its approval for the ratification of the tax treaty with Colombia concerning income and capital on 2 April 2025.
The tax treaty agreement was signed on 19 January 2024. It seeks to eliminate double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance.
Earlier, Luxembourg’s Council of State gave its approval for the ratification of the income and capital tax treaty with Colombia on 4 February 2025.
The treaty will take effect after the exchange of ratification instruments and will be applicable starting from 1 January of the year following its entry into force.