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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

Statutory Tax Rate

The capital gains tax (impuesto a las ganancias occasionales) rate is reduced from 33% to 10% both for residents and non-residents.