Colombia or Spain: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Spain, ahead by 0.2 FiScore point.

Spain

3.5/10

203rd of 217

Tax Colombia Spain Gap
Corporate income tax headline rate 35% 23% to 25% +10.0 points
Personal income tax top bracket 0% to 39% 47% −8.0 points
VAT standard rate 19% 21% −2.0 points

Detailed schedules

Corporate income tax

Colombia

General rate 35%
Financial institutions 5-point surtax until 2027 40%

Spain

n/a

Personal income tax

Colombia

n/a

Spain

National withholding scale Highest marginal rate of national scale 47%
With highest regional share Actual rate depends on autonomous community of residence 54%
See the Colombia page See the Spain page