Colombia vs Iceland: Taxes on income, profits and capital gains
Colombia
46.7%
in 2024
Iceland
47.2%
in 2023
Colombia rank
42nd
Iceland rank
39th
Taxes on income, profits and capital gains over time
- Colombia
- Iceland
How they compare
Iceland currently reports 47.2% against 46.7% in Colombia, a difference of 0.5%.
The two have swapped places 10 times across 20 shared years of data; in 1998 it was Colombia ahead.
Colombia ranks 42nd and Iceland ranks 39th of 153 countries.
Across the 4 decades both report, Colombia averaged higher in 3 and Iceland in 1.
Head to head by decade
| Decade | Colombia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 31.5% | 29.7% | 1.8% | Colombia |
| 2000s | 35.7% | 38.0% | 2.3% | Iceland |
| 2010s | 39.8% | 39.0% | 0.8% | Colombia |
| 2020s | 45.9% | 44.7% | 1.2% | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Colombia or Iceland?
- Iceland, at 47.2% against 46.7% in Colombia as of 2023.
- What is the difference in taxes on income, profits and capital gains between Colombia and Iceland?
- 0.5%, with Iceland ahead.
- How many years of comparable data are there for Colombia and Iceland?
- 20 years are reported by both, from 1998 to 2023.
- How do Colombia and Iceland rank globally for taxes on income, profits and capital gains?
- Colombia ranks 42nd and Iceland ranks 39th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of total taxes). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.