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Colombia vs Mexico
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‡½ Mexico
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
1.92–35%
Rates stable; fiscal consolidation needed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–19%
19% standard; no major change
No change
0–16%
Standard 16% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
35%
35% stable; competitiveness concerns vs. regional peers
No change
30%
30% maintained; Pillar Two discussions
No change
Capital Gains Tax
Capital Gains Tax
15%
15% flat; potential reform for real estate gains
No change
35%
No change
No change
Social Security & Payroll
Social Security / Payroll
~30%
Pension reform fully phasing in; new contribution structure
No change
~35%
Nearshoring investment affecting payroll dynamics
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‡½ Mexico β€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre NΓ³mina) 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.

⚠️ 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 Mexico: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡΄ Colombia has a higher top income tax rate (0–39% vs 1.92–35%). πŸ‡²πŸ‡½ Mexico is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Colombia has a higher consumption tax (0–19% vs 0–16%).

🏒 Corporate Tax: πŸ‡²πŸ‡½ Mexico offers a lower corporate rate (30% vs 35%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡΄ Colombia taxes investment gains at a lower rate (15% vs 35%), benefiting investors.

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