Hello All, Im considering to retire in Medellin next year. I visited the city this past February and enjoyed the city. i was very impressed. Im 61 years old from the USA. I would be living on my pension from my job, Social Security benefits, and possibly monthly payments from my 401k. I have read that if you live in Colombia as an expat for more than five years, Colombia will require you to pay taxes on your income. My questions are: Will I be dual taxed from Colombia and the USA? If so, Colombia will look at my retirement benefits as taxable income then? I see there is no tax treaty between the USA and Colombia.
please help. Thanks. I didn't find the right solution from the internet. References: http://www.expat.com/forum/viewtopic.php?id=590959