Tax & International Structuring in Colombia

Essentials guide · Source-checked research61% of statements checked against a source9 checked against an official source26 checked against a secondary sourceChecked 2026-10-196 held back until checked against an official source10 topics include AI-written statements, not source-checkedNot yet professionally reviewed

• The general corporate income tax rate is 35%.

  Most companies. Financial institutions, insurers, reinsurers and stock and commodities brokers with taxable income of at least 120,000 UVT pay a 5% surcharge through 2027; crude oil and coal producers pay a permanent surcharge of 5% to 10% (up to 15% for oil) depending on market prices. Chambers Doing Business In 2026 also gives 35% for 2026.PwC Worldwide Tax Summaries · checked 2026-10-19

• Since tax year 2023, resident corporations must top up their tax to a 15% minimum effective tax rate calculated on a formula basis.

  Resident corporations; exclusions include social interest housing, ZOMAC entities and entities with adjusted profits at or below zero.PwC Worldwide Tax Summaries · checked 2026-10-19

• Dividends paid to non-resident shareholders are subject to withholding tax at 20% (as at mid-2026), with higher combined taxation where the underlying profits were not taxed at company level.

  Dividends paid out of profits not taxed at company level bear 35% followed by 20% on the remainder (about 48% combined). Treaty rates may be lower. Interest, royalties and technical services paid abroad generally bear 20%.PwC Worldwide Tax Summaries · checked 2026-10-19

• The standard VAT (IVA) rate is 19% (as at mid-2026).

  Reduced rates of 5% and 0% apply to listed goods and services, including exports and certain foods.PwC Worldwide Tax Summaries · checked 2026-10-19

• Municipalities levy the industry and commerce tax (ICA) on gross revenue, at rates set by each municipality.

  Businesses carrying out industrial, commercial or service activities in each municipality.PwC Worldwide Tax Summaries · checked 2026-10-19

• Taxpayers required to file and pay VAT or excise tax must use electronic invoices, and the electronic support system also applies to payroll expenses.

  Electronic support is needed for costs and expenses to be deductible.PwC Worldwide Tax Summaries · checked 2026-10-19

• Qualifying free trade zone companies pay a reduced corporate income tax rate of 20%; for qualifying offshore, onshore and logistics free trade zone companies the rate applies directly, while for other qualified companies it depends on an export-oriented plan approved by the government.

  Users of declared free trade zones. Chambers Doing Business In 2026 states that industrial users pay 20%.PwC Worldwide Tax Summaries · checked 2026-10-19

• A financial transactions tax (GMF) of 0.4% applies to most withdrawals and debits from financial accounts.

  Withdrawals from checking and savings accounts, deposit accounts at the Banco de la República and issue of cashier's cheques; some operations are exempt.PwC Worldwide Tax Summaries · checked 2026-10-19

Read the full guide: Tax, accounting and audit