Turkmenistan vs Colombia
Tax Rate Comparison
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💰 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
🇹🇲 Turkmenistan — Velayat & Etrap Administrations
Turkmenistan's 5 velayats (provinces) and Ashgabat city have highly centralized administration under an authoritarian state. Turkmenistan has among the world's largest natural gas reserves, exporting most to China. The economy is heavily state-controlled with limited private sector. Citizens historically received free gas, electricity, water, and subsidized food (subsidies now being reformed). International transparency is very limited, making reliable tax data difficult to obtain from this closed state.
🇨🇴 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.
Turkmenistan vs Colombia: Key Tax Differences (2026)
💰 Income Tax: 🇨🇴 Colombia has a higher top income tax rate (10% vs 0–39%). 🇹🇲 Turkmenistan is more favourable for high earners.
🛒 VAT/Sales Tax: Colombia has a higher consumption tax (15% vs 0–19%).
🏢 Corporate Tax: 🇹🇲 Turkmenistan offers a lower corporate rate (20% vs 35%), which can influence business location decisions.
📈 Capital Gains: 🇹🇲 Turkmenistan taxes investment gains at a lower rate (10% vs 15%), benefiting investors.