The Isle of Man has been removed from Republic of Colombia’s blacklist as of October 7 pursuant to Decree 1966/2014, according Isle of Mann Treasury.
“This move recognises that the Isle of Man and Colombia have both joined the OECD Convention on Mutual Administrative Assistance in Tax Matters,” Isle of Mann Treasury said in an October 15 release.
Deletion from the list means that lower tax rates will apply to some transactions. Release.