Colombia vs Korea: Corporate income tax (CIT) - statutory and targeted small business
Corporate income tax (CIT) - statutory and targeted small business over time
- Colombia
- Korea
How they compare
Colombia currently reports 35 Percentage of taxable income against 27.5 Percentage of taxable income in Korea, a difference of 7.5 Percentage of taxable income.
That makes Colombia's figure about 1.3 times Korea's.
Across all 26 years both countries report, Colombia has been ahead every year.
Colombia ranks 2nd and Korea ranks 1st of 128 countries.
Colombia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Colombia | Korea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 35.73 Percentage of taxable income | 28.49 Percentage of taxable income | 7.24 Percentage of taxable income | Colombia |
| 2010s | 35.6 Percentage of taxable income | 24.86 Percentage of taxable income | 10.74 Percentage of taxable income | Colombia |
| 2020s | 33.83 Percentage of taxable income | 26.95 Percentage of taxable income | 6.88 Percentage of taxable income | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher corporate income tax (cit) - statutory and targeted small business, Colombia or Korea?
- Colombia, at 35 Percentage of taxable income against 27.5 Percentage of taxable income in Korea as of 2025.
- What is the difference in corporate income tax (cit) - statutory and targeted small business between Colombia and Korea?
- 7.5 Percentage of taxable income, with Colombia ahead.
- How many years of comparable data are there for Colombia and Korea?
- 26 years are reported by both, from 2000 to 2025.
- How do Colombia and Korea rank globally for corporate income tax (cit) - statutory and targeted small business?
- Colombia ranks 2nd and Korea ranks 1st of 128 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.