Colombia: Income and profits taxes

* indicates monthly or quarterly data series
 Colombia

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

 Latest value 23.40
 Year 2022
 Measure percent
 Data availability 1998 - 2022
 Average 21.83
 Min - Max 15.73 - 27.05
 Source The World Bank
For that indicator, we provide data for Colombia from 1998 to 2022. The average value for Colombia during that period was 21.83 percent with a minimum of 15.73 percent in 2011 and a maximum of 27.05 percent in 2017. The latest value from 2022 is 23.4 percent. For comparison, the world average in 2022 based on 19 countries is 32.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


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

Historical chart
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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.95 2022 percent
 Government spending, in dollars 47.94 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -6.51 2022 percent
 Government debt 64.95 2022 percent
 Government expenditure 56,517.75 Q3/2023 billion
 Long-term government bond yield 11.87 9/2023 percent
 Tax revenue 15.35 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 27.02 2022 percent
 Taxes on international trade 1.67 2022 percent
 Income and profits taxes 23.40 2022 percent
 Foreign aid 1,914.81 2021 million U.S. dollars
This site uses cookies.
Learn more here


OK