Retained
- Statutory Tax Rate 35
- Surtax Based on Taxable Income 0
- Surtax Based on Statutory Tax 0
- Surtax Deductible from Taxable Income 0
- Statutory Tax Deductable 0
- Effective Tax Rate 35
Statutory Tax Rate
The standard corporate tax rate is 35% (increased from 31% effective 1 January 2022). A reduced rate of 15% applies to hotel industries for approved services, ecotourism and/or agrotourism theme parks for a period of 10 years and book publishing companies established in Colombia. Industrial and commercial companies are subject to tax at the rate of 9%.
Effective 1 January 2023, an additional surcharge applies at the below-mentioned rates:
|
Sector |
Surcharge |
Effective Tax Rate |
|
Specified taxpayers with taxable income equal to or greater than 120,000 tax value units (Unidad de Valor Tributario - UVT) per year, including financial institutions, insurance and reinsurance entities, stock brokerage firms, agricultural brokerage firms, agricultural, agro-industrial, or other commodity goods and products exchanges, and stock market infrastructure providers |
5% |
40% |
|
Taxpayers engaged in hydroelectric energy production with taxable income equal to or greater than 30,000 UVT per year, subject to certain exceptions |
3% |
38% |
|
Oil extraction companies with taxable income equal to or greater than 50,000 UVT per year with the applicable rate dependent on international average prices |
0%-15% |
- |
|
Coal extraction companies with taxable income equal to or greater than 50,000 UVT per year with the applicable rate dependent on international average prices |
0%-10% |
- |
Capital Gains
- Statutory Tax Rate 10
- Surtax Based on Taxable Income 0
- Surtax Based on Statutory Tax 0
- Surtax Deductible from Taxable Income 0
- Statutory Tax Deductable 0
- Effective Tax Rate 10