Skip to content

Colombia

#37 overall · Score 47.3 / 100 · unchanged from 2025

Overall

#37

47.3 / 100

unchanged from 2025

Corporate

#37

41.5 / 100

unchanged from 2025

Individual

#25

58.6 / 100

down three places from 2025

Consumption

#16

60.1 / 100

down one place from 2025

Property

#37

35.9 / 100

unchanged from 2025

Cross-border

#35

41.7 / 100

up one place from 2025

Strengths

  • A worker earning the nation's average wage faces the lowest tax burden in the OECD.
  • Colombia taxes dividends and capital gains at relatively low rates of 15 and 20 percent, respectively.
  • The VAT rate of 19 percent is close to the OECD average of 19.4 percent and is applied without a minimum earnings threshold.

Weaknesses

  • At 35 percent, Colombia's corporate income tax rate is significantly above the OECD average of 24.2 percent.
  • Colombia is one of the three remaining OECD countries that operates a worldwide corporate tax system (rather than a territorial system).
  • Colombia levies a net wealth tax and a financial transactions tax.

Component Scores

Colombia category scores out of 100Corporate Taxes: score 41.5, rank 37. Individual Taxes: score 58.6, rank 25. Consumption Taxes: score 60.1, rank 16. Property Taxes: score 35.9, rank 37. Cross-Border Tax Rules: score 41.7, rank 35255075100Corporate Taxes: 41.5 (rank 37)Individual Taxes: 58.6 (rank 25)Consumption Taxes: 60.1 (rank 16)Property Taxes: 35.9 (rank 37)Cross-Border Tax Rules: 41.7 (rank 35)CorporateIndividualConsumptionPropertyCross-border
Category Rank Score vs 2025
Corporate Taxes #37 41.5 unchanged from 2025
Individual Taxes #25 58.6 down three places from 2025
Consumption Taxes #16 60.1 down one place from 2025
Property Taxes #37 35.9 unchanged from 2025
Cross-Border Tax Rules #35 41.7 up one place from 2025

Ranking Changes, 2014–2026

Colombia's best overall rank was 27th and its worst was 38th. It ranks 37th in 2026.

Overall rank by year for ColombiaColombia: 2014 rank 27, 2015 rank 34, 2016 rank 34, 2017 rank 37, 2018 rank 36, 2019 rank 37, 2020 rank 36, 2021 rank 36, 2022 rank 38, 2023 rank 38, 2024 rank 38, 2025 rank 37, 2026 rank 372014201520162017201820192020202120222023202420252026Colombia 2014: rank 27Colombia 2015: rank 34Colombia 2016: rank 34Colombia 2017: rank 37Colombia 2018: rank 36Colombia 2019: rank 37Colombia 2020: rank 36Colombia 2021: rank 36Colombia 2022: rank 38Colombia 2023: rank 38Colombia 2024: rank 38Colombia 2025: rank 37Colombia 2026: rank 37#27#37

OECD Context

Each row places all 38 countries on a 0–100 score scale for one measure. Colombia is highlighted; the dashed line is the OECD median.

All 38 Countries' Ranks

Overall and category ranks for all 38 countries
CountryOverallCorporateIndividualConsumptionPropertyCross-border
Estonia#1#2#1#24#1#7
Latvia#2#1#8#22#4#6
New Zealand#3#31#7#1#8#14
Switzerland#4#7#9#4#36#2
Lithuania#5#3#10#23#6#16
Luxembourg#6#20#21#7#15#5
Czech Republic#7#9#4#32#5#11
Australia#8#29#14#9#3#23
Turkey#9#21#6#15#22#8
Hungary#10#5#3#38#23#4
Israel#11#11#31#11#10#18
Slovak Republic#12#24#2#33#7#17
Sweden#13#6#18#26#9#12
Costa Rica#14#35#13#6#11#29
Canada#15#17#28#8#25#28
Netherlands#16#23#30#14#20#3
United States#17#8#17#3#27#37
Austria#18#18#27#17#17#10
Germany#19#30#34#13#12#9
Norway#20#15#29#27#16#15
Mexico#21#28#26#12#2#38
Finland#22#10#24#28#21#24
Greece#23#22#5#29#30#19
Chile#24#32#23#10#13#36
Slovenia#25#14#12#30#24#30
Korea#26#26#38#2#31#34
Belgium#27#16#15#25#28#21
Japan#28#36#35#5#26#31
Ireland#29#4#36#35#18#27
United Kingdom#30#25#22#34#33#1
Denmark#31#19#37#20#14#32
Poland#32#12#11#36#29#25
Portugal#33#34#19#21#19#33
Iceland#34#13#32#19#34#26
Spain#35#33#20#18#35#20
Italy#36#27#16#37#38#22
Colombia#37#37#25#16#37#35
France#38#38#33#31#32#13

Across the OECD

Colombia ranks 37th of 38 OECD countries on the overall index.

Source: 2026 International Tax Competitiveness Index.

Notes on the Data

The 2026 Index uses the most up-to-date data available as of July 2026. Data may not reflect changes in countries making rapid reforms.

Share This Tool

About the Authors

Alex Mengden Tax Foundation
Expert

Alex Mengden

Economist

Alex Mengden is an Economist at the Tax Foundation, where he focuses on international tax issues and tax policy in Europe. He holds a BA in philosophy and economics from the University of Bayreuth and an MSc in economics from the Ludwig Maximilian University of Munich.

Tax Foundation Staff

Luis Zarka

Transatlantic Tax Fellow

Luis Zarka was a 2026 Transatlantic Tax Fellow with the Tax Foundation’s Center for Global Tax Policy.

Media Contacts

Sarah Wilbur Tax Foundation Media Relations Contact

Sarah Wilbur

Communications Manager

Sarah Wilbur is Communications Manager at the Tax Foundation where she advances the organization’s institutional reach by developing its corporate communications and media programs.

Jesse Solis Tax Foundation

Jesse Solis

Vice President of Communications

Jesse Solis is Vice President of Communications at the Tax Foundation, where he leads the communications team and works to build coverage of Tax Foundation’s experts and their work across the globe. He joined the team in 2021 as Communications Manager and became Communications Director in 2024.