Colombia vs Mexico
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇨🇴 Colombia — Departmental & Municipal Taxes
Colombia's 32 departments and 1,102 municipalities levy Industria y Comercio (ICA) — 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. Bogotá and Medellín have higher ICA rates than smaller cities. Departments levy taxes on alcohol, tobacco, and vehicle registration.
🇲🇽 Mexico — State & Municipal Taxes
Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre Nómina) at 1%–4% (employer-paid). Municipal property tax (predial) rates vary significantly. Some states have lodging and entertainment levies. The Maquila sector benefits from special IMMEX programs. Nearshoring boom is driving new investment.
Colombia vs Mexico: Key Tax Differences (2026)
💰 Income Tax: 🇨🇴 Colombia has a higher top income tax rate (0–39% vs 1.92–35%). 🇲🇽 Mexico is more favourable for high earners.
🛒 VAT/Sales Tax: Colombia has a higher consumption tax (0–19% vs 0–16%).
🏢 Corporate Tax: 🇲🇽 Mexico offers a lower corporate rate (30% vs 35%), which can influence business location decisions.
📈 Capital Gains: 🇨🇴 Colombia taxes investment gains at a lower rate (15% vs 35%), benefiting investors.