Colombia has eleven tax agreements in force, as reported in its response to the Peer Review questionnaire, including the Decision 578 of the Andean Community Commission (Decision 578) for the members of the Andean Community (the Andean Community Agreement).1 One of those agreements, the agreement with the United Kingdom, complies with the minimum standard.
Colombia signed the MLI in 2017, listing its non-compliant bilateral agreements.
Colombia indicated in its response to the Peer Review questionnaire that the Andean Community Agreement has not been listed under the MLI as it is a decision of the Andean Community Commission. 2 However, in order to bring the Andean Community Agreement into compliance with the Action 6 minimum standard, Colombia has entered into negotiations with its treaty partners and reported that good process had been made.
Colombia further indicated that bilateral negotiations would be pursued with respect to its agreement with Switzerland.
Colombia is implementing the minimum standard through the inclusion of the preamble statement and the PPT combined with the LOB.3
The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect.