Paying taxes: Total tax and contribution rate in Colombia
Colombia: Paying taxes: Total tax and contribution rate was 71.2% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Colombia, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
The most recent figure for paying taxes: total tax and contribution rate in Colombia is 71.2%, measured in 2019. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 1.0% on the previous year and down 14.2% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Colombia peaked at 87.2% in 2007 and was at its lowest, 71.2%, in 2019.
That places Colombia 10th out of 190 countries with data for 2019, putting it in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Colombia, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 86.7% | — |
| 2006 | 86.9% | +0.2% |
| 2007 | 87.2% | +0.3% |
| 2008 | 82.8% | -5.0% |
| 2009 | 83.0% | +0.2% |
| 2010 | 83.0% | +0.0% |
| 2011 | 79.1% | -4.7% |
| 2012 | 78.7% | -0.5% |
| 2013 | 78.8% | +0.1% |
| 2014 | 79.9% | +1.4% |
| 2015 | 72.3% | -9.5% |
| 2016 | 72.2% | -0.1% |
| 2017 | 72.3% | +0.1% |
| 2018 | 71.9% | -0.6% |
| 2019 | 71.2% | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 85.3% | 82.8% | 87.2% | 5 |
| 2010s | 75.9% | 71.2% | 83.0% | 10 |
Countries ranked near Colombia
- 7 Central African Republic 73.3% compare
- 7 Venezuela, Bolivarian Republic of 73.3% compare
- 9 Afghanistan 71.4% compare
- 11 Guinea 69.3% compare
- 12 Tajikistan 67.3% compare
- 13 Mauritania 67.0% compare
More reference data data for Colombia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.92 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 11.17 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 19.02 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4113 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 19.02 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 9.81 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 2.67 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 61.25 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 94.56 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.24 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate in Colombia?
- Paying taxes: total tax and contribution rate in Colombia was 71.2% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Colombia?
- The highest recorded value was 87.2% in 2007.
- What is the lowest paying taxes: total tax and contribution rate recorded in Colombia?
- The lowest recorded value was 71.2% in 2019.
- How does Colombia rank for paying taxes: total tax and contribution rate?
- Colombia ranks 10th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Colombia?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is falling.
- Where does this Colombia data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.