Colombia vs Peru
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΅πͺ Peru β Municipal Taxes & Regional Licenses
Peru's 25 regions and 1,874 municipalities have limited tax powers. Municipalities levy Impuesto Predial (property tax at 0.2%β1% of self-assessed value), vehicle tax (Impuesto al Patrimonio Vehicular), and business licences. Alcabala (property transfer tax) is municipal at 3% of value above 10 UIT. The national tax authority (SUNAT) administers income and VAT taxes. Peru has a flat corporate rate and progressive personal income tax system.
Colombia vs Peru: Key Tax Differences (2026)
π° Income Tax: π¨π΄ Colombia has a higher top income tax rate (0β39% vs 8β30%). π΅πͺ Peru is more favourable for high earners.
π VAT/Sales Tax: Colombia has a higher consumption tax (0β19% vs 18%).
π’ Corporate Tax: π΅πͺ Peru offers a lower corporate rate (29.5% vs 35%), which can influence business location decisions.
π Capital Gains: π΅πͺ Peru taxes investment gains at a lower rate (5% vs 15%), benefiting investors.