PBH / colombia (active forums more▼ | travelguide | pictures) / post

Tax On Withdrawals

I have heard that in Colombia if a person takes money out of the bank a 4% tax is taken out. i have heard this also true if money is recieved by western union.
Is this true?

By greg on Apr 29, 2004, 16:02 in Friendly Talkzone.

sebasenbogotá says on Apr 29, 2004, 18:19:

Not 4 % but 0.4% There is a tax call 4 por mil it means 4 pesos to the government per each 1 thousand, when you move your money in the banking and financing systemsincluding withdrawals.
I believe the international transfers are not taxed anymore, other than the fees they normally charge you..

Suerte ! Sebas

0 funny, 0 helpful.

RAnglada says on May 1, 2004, 05:17:

Western Union charges you to send and then the person you sent the money to is charged a small fee also. Double taxation, but still less than US.

0 funny, 0 helpful.

More posts by the same author:

Golfing in Bucaramanga 6

Buca to Bogota 19

Vegetarian Restaurant Bucaramanga 2

Best presidential candidate 57

Vegetarian reataurants 5

Taca airlines 9

Bus Bogota to Bucaramanga 3

Congress wants to spray more poison 5

Indigenous actions May 15 8

For Rent: Rooms in Villa de Leyva 0

Friend coming to U.S. 9

For Rent: Rooms in Villa de Leyva 0

Aerial Spraying 1

Americas:

Africa:

Asia:

Travel:

Travelguide writers

Travel with kids

Around the world trips

Learn travel Spanish

Off topic: your thing

Also:

If you're not a part of this travelicious experiment just yet, just sign up here. It's free & easy.

About poorbuthappy | About the travel guides | Travel guide editing | Community rules | RSS feeds

© 1998 - 2008 Peter Van Dijck, all rights reserved.