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CHAIR OF THE COUNCIL OF MINISTERS
Proposal for Resolution No 18 /XII
The Portuguese Republic and the Republic of Colombia signed, on August 30, 2010, in
Bogota, a Convention to prevent Double Taxation and Prevent Tax Evasion in
Tax Matter on the Throughput.
The Convention between the Portuguese Republic and the Republic of Colombia to Avoid the Double
Taxation and Preventing Tax Evasion in Income Taxes on the Yield Visa,
fundamentally, eliminate or mitigate international double taxation in the different
categories of income earned by residents of both states, as well as
prevent tax evasion.
The said Convention represents an important contribution to the creation of a
stable and favourable fiscal framework for the development of trade and trade
investment flows between both states, eliminating tax barriers to the movement of
capitals, technologies and people. On the other hand, it constitutes an instrument of the largest
importance for bilateral cooperation in tax matters, notably through the exchange
of information, with a view to preventing tax evasion.
This Convention applies to taxes on the income required by each of the
Contracting States, their political or administrative subdivisions and their local authorities,
regardless of the system used for your charging. It covers, thus, all the
tax incidents on total income or on plots of income, including
the taxes on the gains derived from the disposal of the securities or real estate, the
taxes on the overall amount of wages paid by companies, as well as the
taxes on the most-valuable ones.
CHAIR OF THE COUNCIL OF MINISTERS
Thus:
Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the
Assembly of the Republic the following motion for a resolution:
Approve the Convention between the Portuguese Republic and the Republic of Colombia to Prevent
Double Taxation and Preventing Tax Evasion in Tax Matters on the
Yield, signed in Bogotá, on August 30, 2010, the text of which in the versions
authenticated in the Portuguese, Castihana and English languages, it publishes in attachment.
Seen and approved in Council of Ministers of January 26, 2012
The Prime Minister
The Minister of State and Foreign Affairs
The Deputy Minister and Parliamentary Affairs