Colombia

Corporate Tax Guide

Colombia's general CIT rate is 35%. Sector-specific surcharges may apply: 5% additional for financial institutions (until 2027), 3% for hydro-electric power (2023–2026), and 5–15% for oil and coal extraction. A Minimum Effective Tax Rate (METR) of 15% applies from FY 2023. Capital gains tax is 15% (up from 10% since FY 2023). CIT returns are due between April and May; large taxpayers pay in 3 installments, others in 2. The general VAT rate is 19%. Non-resident WHT on dividends, interest and royalties is generally 20% each.

Colombia Tax Brief

Data Source PwC World Tax Summary
OCED Statistic

Time of Update 4/05/2026

Colombia Corporate Income Tax (CIT)

General CIT Rate:

35 (surcharges may apply)

CIT Return Due Date:

Between April and May, depending on the tax ID of each taxpayer.

CIT Payment Due Date:

According to the type of taxpayer, the CIT payment may be due in April to May with the CIT declaration form, or it may be due in July as the third installment.

CIT Estimated Payment Due Date:

Big taxpayers: 3 installments. Other taxpayers: 2 installments.

Colombia Withholding Tax (WHT)

Resident Withholding Tax (Dividend/Interest/Royalty):

N/A

None-Resident Withholding Tax (Dividend/Interest/Royalty):

20/20/20

Colombia Value-Added Tax (VAT)

General VAT Rate:

Learn More

Colombia Capital Gain Tax (CGT)

General Capital Gain Tax Rate:

Colombia Effective Tax Rate (ETR)

Composite Effective Average Tax Rate:

32.93%

Composite Effective Marginal Tax Rate:

32.59%

Additional info

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TKEG Expat Colombia Corporate Tax Guide

Colombia Value-added tax (VAT)

Colombia Property tax

Colombia Corporate income tax (CIT)

Colombia Personal income tax (PIT)

Colombia Financial transactions tax

1. Colombia Value-added tax (VAT)

Colombia imposes a general VAT rate of 19%. However, specific goods and services are taxed at a reduced rate of 5%, including products like corn for industrial use, raw palm oils, certain agricultural equipment, and electric or hybrid vehicles. Additionally, some goods and services such as meat, eggs, dairy products, exported goods, and biofuels for engines are taxed at 0%. VAT applies to both local and imported goods, depending on the type of product and service.

References https://taxsummaries.pwc.com/colombia/corporate/other-taxes

2. Colombia Property tax

Property tax in Colombia is a municipal tax levied annually on real estate properties, whether improved or unimproved, located in urban, suburban, or rural areas. The taxable base is the property's cadastral value, often adjusted for inflation, and ranges between 0.5% and 1.2% depending on the property's nature and usage. In cities like Bogotá, the property tax base depends on the appraised value. This tax is deductible for Corporate Income Tax (CIT) purposes if it is linked to the income-generating activity of the property.

References https://taxsummaries.pwc.com/colombia/corporate/other-taxes

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3. Colombia Corporate income tax (CIT)

The general CIT rate in Colombia is 35%. A 5% additional surcharge applies to financial institutions (including insurance, reinsurance, and securities brokers) with taxable income of 120,000+ UVT, effective through 2027. Oil and coal extractors face a 5–15% surtax tied to commodity prices. A 3% temporary surcharge applies to hydro-electric power companies (FY 2023–2026). From FY 2023, a Minimum Effective Tax Rate (METR) of 15% applies to resident corporations under OECD Pillar II rules. The general capital gains tax rate is 15% (increased from 10% since FY 2023). CIT returns are due between April and May, with large taxpayers paying in 3 installments and other taxpayers in 2.

References https://taxsummaries.pwc.com/colombia/corporate/other-taxes

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