Colombia: Income and profits taxes

* indicates monthly or quarterly data series
 Colombia

Income, profits, and capital gains taxes: percent of revenue

 Latest value 32.81
 Year 2022
 Measure percent
 Data availability 1998 - 2022
 Average 32.57
 Min - Max 19.27 - 38.21
 Source The World Bank
The latest value from 2022 is 32.81 percent, a decline from 33.72 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Colombia from 1998 to 2022 is 32.57 percent. The minimum value, 19.27 percent, was reached in 2013 while the maximum of 38.21 percent was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Colombia - Income and profits taxes - Recent values chart

Historical series
Colombia - Income and profits taxes - historical chart - 1998-2022




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 14.64 2023 percent
 Government spending, in dollars 53.63 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -2.92 2023 percent
 Government debt 60.30 2023 percent
 Government expenditure 58,388.53 Q3/2024 billion
 Long-term interest rate 11.69 12/2024 percent
 Tax revenue 15.28 2022 percent
 Commercial tax rate 71.20 2019 percent
 Tax preparation time 256 2019 hours
 Number of taxes 10 2019 taxes
 Taxes on goods and services 37.90 2022 percent
 Taxes on international trade 2.34 2022 percent
 Income and profits taxes 32.81 2022 percent
 Foreign aid 1,883.31 2022 million U.S. dollars
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