Facts
- Combined corporate income tax rate
- 35.0 % (2023)
- Top statutory personal income tax rate
- 39.0 % (2022)
- Tax revenue, % of GDP
- 15.2 % (2024)
- Top marginal rate incl. employee social security
- 39.0 % (2022)
- OECD member
- Yes
- Corporate income tax rate, central government
- 35.0 % (2023)
- Central CIT rate excluding surtax
- 35.0 % (2023)
- Top marginal income tax rate (PIT only)
- 39.0 % (2022)
- Top rate threshold, × average wage
- 62.33× (2022)
- Average annual wage, US$ PPP
- $15,180 (2022)
- Average annual wage, national currency
- 21,137,925 (2022)
- Tax revenue level
- 15–20% of GDP
- Taxes on income, profits and capital gains, % of revenue
- 46.7 % (2024)
- Taxes on goods and services, % of value added
- 8.8 % (2024)
- ISO code
- COL
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Corporate income tax rate, central government
| Period | Value |
|---|---|
| 2023 | 35.0 % |
| 2022 | 35.0 % |
| 2021 | 31.0 % |
| 2020 | 32.0 % |
| 2019 | 33.0 % |
| 2018 | 37.0 % |
| 2017 | 40.0 % |
| 2016 | 40.0 % |
| 2015 | 39.0 % |
| 2014 | 34.0 % |
| 2013 | 34.0 % |
| 2012 | 33.0 % |
Combined corporate income tax rate
| Period | Value |
|---|---|
| 2023 | 35.0 % |
| 2022 | 35.0 % |
| 2021 | 31.0 % |
| 2020 | 32.0 % |
| 2019 | 33.0 % |
| 2018 | 37.0 % |
| 2017 | 40.0 % |
| 2016 | 40.0 % |
| 2015 | 39.0 % |
| 2014 | 34.0 % |
| 2013 | 34.0 % |
| 2012 | 33.0 % |
Average annual wage, US$ PPP
| Period | Value |
|---|---|
| 2022 | $15,180 |
| 2021 | $13,638 |
| 2020 | $13,227 |
| 2019 | $13,709 |
| 2018 | $13,143 |
| 2017 | $12,545 |
| 2016 | $12,155 |
| 2015 | $11,758 |
| 2014 | $12,453 |
| 2013 | $11,719 |
| 2012 | $11,014 |
| 2011 | $11,154 |
Top marginal rate incl. employee social security
| Period | Value |
|---|---|
| 2022 | 39.0 % |
| 2021 | 39.0 % |
| 2020 | 39.0 % |
| 2019 | 39.0 % |
| 2018 | 22.3 % |
| 2017 | 22.3 % |
| 2016 | 22.3 % |
| 2015 | 22.3 % |
| 2014 | 22.3 % |
| 2013 | 22.3 % |
| 2012 | 29.9 % |
| 2011 | 29.9 % |
Top statutory personal income tax rate
| Period | Value |
|---|---|
| 2022 | 39.0 % |
| 2021 | 39.0 % |
| 2020 | 39.0 % |
| 2019 | 39.0 % |
| 2018 | 33.0 % |
| 2017 | 33.0 % |
| 2016 | 33.0 % |
| 2015 | 33.0 % |
| 2014 | 33.0 % |
| 2013 | 33.0 % |
| 2012 | 33.0 % |
| 2011 | 33.0 % |
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2024 | 15.2 % |
| 2023 | 17.5 % |
| 2022 | 15.3 % |
| 2021 | 14.4 % |
| 2020 | 14.0 % |
| 2019 | 14.9 % |
| 2018 | 14.6 % |
| 2017 | 14.9 % |
| 2016 | 14.4 % |
| 2015 | 15.8 % |
| 2014 | 15.7 % |
| 2013 | 14.0 % |
Year by year · 26
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| Colombia 2024 | — | — | 15.2 % |
| Colombia 2023 | 35.0 % | — | 17.5 % |
| Colombia 2022 | 35.0 % | 39.0 % | — |
| Colombia 2021 | 31.0 % | 39.0 % | — |
| Colombia 2020 | 32.0 % | 39.0 % | — |
| Colombia 2019 | 33.0 % | 39.0 % | — |
| Colombia 2018 | 37.0 % | 33.0 % | — |
| Colombia 2017 | 40.0 % | 33.0 % | — |
| Colombia 2016 | 40.0 % | 33.0 % | — |
| Colombia 2015 | 39.0 % | 33.0 % | — |
| Colombia 2014 | 34.0 % | 33.0 % | — |
| Colombia 2013 | 34.0 % | 33.0 % | — |
| Colombia 2012 | 33.0 % | 33.0 % | — |
| Colombia 2011 | 33.0 % | 33.0 % | — |
| Colombia 2010 | 33.0 % | 33.0 % | — |
| Colombia 2009 | 33.0 % | 33.0 % | — |
| Colombia 2008 | 33.0 % | 33.0 % | — |
| Colombia 2007 | 34.0 % | 34.0 % | — |
| Colombia 2006 | 38.5 % | 35.0 % | — |
| Colombia 2005 | 38.5 % | 35.0 % | — |
| Colombia 2004 | 38.5 % | 35.0 % | — |
| Colombia 2003 | 36.8 % | 35.0 % | — |
| Colombia 2002 | 35.0 % | 35.0 % | — |
| Colombia 2001 | 35.0 % | 35.0 % | — |
| Colombia 2000 | 35.0 % | 35.0 % | — |
| Colombia 1998 | — | — | 13.7 % |