Colombia

Paying Taxes in

Colombia

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

About This Topic

To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Social security contributions 1 online filing 87 11.625% gross salaries 23.7
Municipal tax 1 online filing 0.1% turnover 20.2
Corporate income tax 1 online filing 40 33.0% taxable profit 18.9
Financial transactions tax 1 0.40% withdrawals from bank account 6.5
Payroll tax 0 paid jointly 9% gross salaries 5.1
Fuel tax 1 6.0% consumption value 0.2
Vehicle tax 1 fixed fee 0.2
Real estate tax 1 0,002% to 0.033% assessed real estate value 0
Value added tax (VAT) 1 online filing 66 16.00% value added not included
Stamp duty 1 small amount
Welfare security system 0 paid jointly 8.0% gross salaries included in other taxes
Labor risk insurance 0 paid jointly 0.522% gross salaries included in other taxes
Totals: 9 193 74.8
Explore Economy Data