There are different taxes in Colombia , including national, departmental and municipal taxes .
Why is this information important? Knowing the different types of national taxes and your responsibilities as a natural person or legal entity will make it easier for you to comply with your tax obligations.
In addition, you will be able to plan your finances efficiently, optimizing your tax burden and taking advantage of possible benefits or deductions.
Income Tax is one of the national taxes in number database Colombia that both individuals and companies may be required to pay. In addition, the amount to be paid will depend on the annual income, expenses or investments and the economic activities carried out.
How much do you know about taxes in Colombia ? In the following infographic you can learn how the country's tax system works.
Infographic containing key data on taxes in Colombia
What are taxes?
Taxes in Colombia are mandatory contributions for individuals and legal entities , whose main objective is to finance public expenses and guarantee the well-being of society.
The Colombian government needs to raise revenue to sustain essential public services and programs. Education, health care, infrastructure projects, security and social welfare depend heavily on these tax revenues.
According to the National Tax and Customs Directorate of Colombia ( DIAN ), 13% more taxes were collected in 2023 compared to the previous year.
The increase in tax revenue exceeded the economic growth projected for that year. As a result, the share of total revenue in GDP rose from 19.7% in 2022 to 21.7% in 2023.