Effective tax rates for expenditure based tax incentives - Corporate in Colombia
Colombia: Effective tax rates for expenditure based tax incentives - Corporate was 32.14 Percentage of taxable income in 2025. ▲ Rising
Effective tax rates for expenditure based tax incentives - Corporate in Colombia, 2019–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2025, effective tax rates for expenditure based tax incentives - corporate in Colombia stood at 32.14 Percentage of taxable income. That is the highest value across all 7 years on record.
Compared with earlier readings it is up 103.9% over ten years.
That places Colombia 1st out of 50 countries with data for 2025, putting it in the top 10%.
Effective tax rates for expenditure based tax incentives - Corporate in Colombia, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2019 | 15.76 Percentage of taxable income | — |
| 2020 | 14.85 Percentage of taxable income | -5.8% |
| 2021 | 13.93 Percentage of taxable income | -6.2% |
| 2022 | 17.6 Percentage of taxable income | +26.3% |
| 2023 | 32.14 Percentage of taxable income | +82.6% |
| 2024 | 32.14 Percentage of taxable income | +0.0% |
| 2025 | 32.14 Percentage of taxable income | +0.0% |
Colombia compared with similar countries
- Colombia's 32.14 Percentage of taxable income is above the median for upper middle income countries, which is 20.01 Percentage of taxable income, 1.6× the median. (9 countries reporting)
- Colombia's 32.14 Percentage of taxable income is above the median for Latin America & Caribbean, which is 25.94 Percentage of taxable income, 1.2× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.76 Percentage of taxable income | 15.76 Percentage of taxable income | 15.76 Percentage of taxable income | 1 |
| 2020s | 23.8 Percentage of taxable income | 13.93 Percentage of taxable income | 32.14 Percentage of taxable income | 6 |
Countries ranked near Colombia
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is effective tax rates for expenditure based tax incentives - corporate in Colombia?
- Effective tax rates for expenditure based tax incentives - corporate in Colombia was 32.14 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates for expenditure based tax incentives - corporate recorded in Colombia?
- The highest recorded value was 32.14 Percentage of taxable income in 2023.
- What is the lowest effective tax rates for expenditure based tax incentives - corporate recorded in Colombia?
- The lowest recorded value was 13.93 Percentage of taxable income in 2021.
- How does Colombia rank for effective tax rates for expenditure based tax incentives - corporate?
- Colombia ranks 1st out of 50 countries with data for 2025.
- Is effective tax rates for expenditure based tax incentives - corporate rising or falling in Colombia?
- Over the last ten years it is up 103.9%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates for expenditure based tax incentives - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators that capture the effect of expenditure-based R&D tax incentives on firms’ investment costs: The EATR for R&D measures the impact of taxation on R&D investments that earn an economic profit. the user cost of capital for R&D measures the return that a firm needs to realise on an R&D investment before tax to offset all costs and taxes that arise from the investment, making zero economic profit. Further methodological information is available in the explanatory annex.