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Colombia vs Malaysia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡΄ Colombia
vs
πŸ‡²πŸ‡Ύ Malaysia
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–39%
Reform proposals; Petro administration final year
No change
0–30%
30% top rate; Pillar Two compliance measures
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–19%
19% standard; no major change
No change
10%
Service tax 8% maintained; GST return unlikely
No change
Corporate Tax Rate
Corporate Tax Rate
35%
35% stable; competitiveness concerns vs. regional peers
No change
24%
24% stable; potential reduction discussed for competitiveness
No change
Capital Gains Tax
Capital Gains Tax
15%
15% flat; potential reform for real estate gains
No change
10–30%
CGT on unlisted shares fully embedded in system
No change
Social Security & Payroll
Social Security / Payroll
~30%
Pension reform fully phasing in; new contribution structure
No change
~23%
EPF reviewing contribution rates and fund adequacy
No change
State, Regional & Local Taxes

πŸ‡¨πŸ‡΄ 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%–1.4% 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.

πŸ‡²πŸ‡Ύ Malaysia β€” State & Local Authority Taxes

Malaysia's 13 states and 3 federal territories have limited independent taxing powers. States levy quit rent (cukai tanah) on land, assessment rates (cukai pintu/taksiran) on property through local councils, and royalties on natural resources. Petroleum royalties are a major state revenue in Sabah, Sarawak, and Terengganu. Local councils (majlis perbandaran) levy property assessment at 6%–12% of estimated annual rental value. No state income taxes exist β€” this is federal.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Colombia vs Malaysia: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡΄ Colombia has a higher top income tax rate (0–39% vs 0–30%). πŸ‡²πŸ‡Ύ Malaysia is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Colombia has a higher consumption tax (0–19% vs 10%).

🏒 Corporate Tax: πŸ‡²πŸ‡Ύ Malaysia offers a lower corporate rate (24% vs 35%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡΄ Colombia taxes investment gains at a lower rate (15% vs 30%), benefiting investors.

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