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Domestic VAT, the financial transactions tax, and income tax powered the gains, while fuel, wealth, and foreign VAT revenues lagged.

Misunderstanding of Colombian tax law can lead to extremely costly double taxation & expensive penalties - even jail!

Your worldwide income is subject to US income tax, regardless of where you reside.

Editor’s note: Adrian Rodriguez, partner with the international law firm Lewin & Wills, has graciously allowed Finance Colombia to reprint the answers he prepared for a professional symposium for the benefit of our readers. Mr. Rodriguez may be contacted at the above links....