Colombia

Ease of Doing Business in

Colombia

This page summarizes Doing Business 2013 data for Colombia. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 46,927,125
GNI Per Capita (US$) 6,110
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
45 44 down -1

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
70.2 70.2 0.0
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 61 65 up 4
Dealing with Construction Permits 27 26 up -1
Getting Electricity 134 129 up -5
Registering Property 52 53 up 1
Getting Credit 70 67 up -3
Protecting Investors 6 6 No change
Paying Taxes 99 99 No change
Trading Across Borders 91 91 No change
Enforcing Contracts 154 151 up -3
Resolving Insolvency 21 19 up -2

Economy Profile

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Subnational Data


Paying Taxes

Info

This data shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.

DB 2013 Rank 99 DB 2012 Rank 99 Change in Rank 0
DB 2013 DTF** (% points) 59.7 DB 2012 DTF** (% points) 59.9 Improvement in DTF** (% points) down-0.2
Indicator Colombia Latin America & Caribbean OECD

The total number of tax payments per year. The indicator reflects the total number of taxes and contributions paid, the method of payment, the frequency of payment and the number of agencies involved for a standardized case during the second year of operation.

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Payments (number per year)
9 30 12

The time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year).

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Time (hours per year)
203 367 176

The amount of taxes on profits paid by the business as a percentage of commercial profits.

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Profit tax (%)
19.2 21.5 15.2

The amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits.

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Labor tax and contributions (%)
28.8 14.4 23.8

The amount of taxes and mandatory contributions paid by the business as a percentage of commercial profit that are not already included in the categories of profit or labor taxes.

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Other taxes (%)
26.4 11.3 3.7

The total tax rate measures the amount of taxes and mandatory contributions payable by the business in the second year of operation, expressed as a share of commercial profits.

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Total tax rate (% profit)
74.4 47.2 42.7
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 12% gross salaries 23.7
Municipal tax 1 online filing 1% turnover 19.5
Corporate income tax 1 online filing 50 33% taxable profit 19.2
Financial transactions tax 1 0% withdrawals from bank account 6.5
Payroll tax 0 paid jointly 5% gross salaries 5.1
Value added tax (VAT) 1 value added 0.2
Fuel tax 1 6% consumption value 0.2
Vehicle tax 1 fixed fee 0 small amount
Welfare security system 0 paid jointly 8% gross salaries 0 included in other taxes
Labor risk insurance 0 paid jointly 1% gross salaries 0 included in other taxes
Value added tax (VAT) 1 online filing 66 16% value added 0 not included
Real estate tax 1 0.002% to 0.033% assessed real estate value 0
Totals: 9 203 74.4

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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