Taxes on income, profits and capital gains in Colombia
Colombia: Taxes on income, profits and capital gains was 46.7% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Colombia, 1998–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Colombia is 46.7%, measured in 2024.
The figure is down 9.5% on the previous year and up 10.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Colombia peaked at 51.6% in 2023 and was at its lowest, 25.9%, in 2011.
That places Colombia 42nd out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on income, profits and capital gains in Colombia, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1998 | 31.6% | — |
| 1999 | 31.4% | -0.8% |
| 2000 | 32.1% | +2.2% |
| 2003 | 42.6% | +32.8% |
| 2008 | 31.8% | -25.3% |
| 2009 | 36.3% | +14.0% |
| 2010 | 31.1% | -14.3% |
| 2011 | 25.9% | -16.7% |
| 2012 | 37.9% | +46.6% |
| 2013 | 33.9% | -10.6% |
| 2014 | 42.5% | +25.1% |
| 2015 | 42.0% | -1.2% |
| 2016 | 44.4% | +5.7% |
| 2017 | 47.6% | +7.2% |
| 2018 | 49.2% | +3.5% |
| 2019 | 43.4% | -11.7% |
| 2020 | 44.9% | +3.4% |
| 2021 | 43.4% | -3.4% |
| 2022 | 43.7% | +0.6% |
| 2023 | 51.6% | +18.3% |
| 2024 | 46.7% | -9.5% |
Colombia compared with similar countries
- Colombia's 46.7% is above the median for upper middle income countries, which is 37.1%, 1.3× the median. (48 countries reporting)
- Colombia's 46.7% is above the median for Latin America & Caribbean, which is 36.0%, 1.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.5% | 31.4% | 31.6% | 2 |
| 2000s | 35.7% | 31.8% | 42.6% | 4 |
| 2010s | 39.8% | 25.9% | 49.2% | 10 |
| 2020s | 46.1% | 43.4% | 51.6% | 5 |
Countries ranked near Colombia
More public sector data for Colombia
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Frequently asked questions
- What is taxes on income, profits and capital gains in Colombia?
- Taxes on income, profits and capital gains in Colombia was 46.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Colombia?
- The highest recorded value was 51.6% in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Colombia?
- The lowest recorded value was 25.9% in 2011.
- How does Colombia rank for taxes on income, profits and capital gains?
- Colombia ranks 42nd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Colombia?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of total taxes). Statizoid updates them automatically from the source API.
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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.