Colombia and Mexico sign up to international tax standards

Colombia and Mexico are a step closer to benefiting from cross border tax co-operation and information sharing

Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

The Convention, developed jointly by the OECD and the Council of Europe, is the most comprehensive multilateral instrument available for tax co-operation and exchange of information. It helps counter cross-border tax evasion and ensures compliance with national tax laws, while respecting the rights of taxpayers.

Colombia also signalled its political commitment to improve the conduct of corporate businesses and ensure a good business climate – competition, corporate governance, investment, tax co-operation and anicorruption – by adhering to the OECD’s Declaration on Propriety, Integrity, Transparency in the Conduct of International Business and Finance.