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Expat bankingNovember 4, 20264x1000 (GMF) Exemption in Colombia: How a Foreign Resident Gets One Savings Account Treated as Exempt, and What Still Applies Above the Monthly Cap
The 4x1000 takes 0.4% of money leaving your Colombian account. Here is how a foreign resident marks one savings account exempt, what the monthly cap is, and where banks and DIAN disagree.