Colombia vs Guyana
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
π° Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country β side by side.
π¨π΄ Colombia β Departmental & Municipal Taxes
Colombia's 32 departments and 1,102 municipalities levy Industria y Comercio (ICA) β a gross receipts tax on business activity at 0.2%β1.4% of revenues. Municipalities set property tax (predial) rates within national ranges. The SIMPLE tax regime integrates various taxes for small businesses. BogotΓ‘ and MedellΓn have higher ICA rates than smaller cities. Departments levy taxes on alcohol, tobacco, and vehicle registration.
π¬πΎ Guyana β Regional & Municipal Taxes
Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.
Colombia vs Guyana: Key Tax Differences (2026)
π° Income Tax: π¬πΎ Guyana has a higher top income tax rate (0β39% vs 28β40%). π¨π΄ Colombia is more favourable for high earners.
π VAT/Sales Tax: Colombia has a higher consumption tax (0β19% vs 14%).
π’ Corporate Tax: π¨π΄ Colombia offers a lower corporate rate (35% vs 40%), which can influence business location decisions.
π Capital Gains: π¨π΄ Colombia taxes investment gains at a lower rate (15% vs 20%), benefiting investors.