BZ · AmericasCO · Americas
Belize vs Colombia: tax rates compared
Between the two, Colombia's income tax rate (39%) tops Belize's (25%) by 14pp. The 200-country average is 28%: Belize sits below it, Colombia sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | CO | Difference |
|---|---|---|---|
| Income Tax | 25% | 39% | CO +14 pp |
| Corporate Tax | 0% | 35% | CO +35 pplargest gap |
| VAT | 12.5% | 19% | CO +6.5 pp |
| Capital Gains Tax | 0% | 15% | CO +15 pp |
| Wealth Tax | 0% | 1.5% | CO +1.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Colombia | 39% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −14 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −35 pp | Colombia higher |
Between the two, Colombia's corporate tax rate (35%) tops Belize's (0%) by 35pp. The 201-country average is 22.6%: Belize sits below it, Colombia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Difference | −6.5 pp | Colombia higher |
Between the two, Colombia's VAT rate (19%) tops Belize's (12.5%) by 6.5pp. The 181-country average is 15%: Belize sits below it, Colombia sits above it. Belize's figure is dated 2011-12-31 and Colombia's 2026-01-23, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Colombia | 15% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Difference | −15 pp | Colombia higher |
Between the two, Colombia's capital gains tax rate (15%) tops Belize's (0%) by 15pp. The 175-country average is 10.3%: Belize sits below it, Colombia sits above it. Belize's figure is dated 2020-12-31 and Colombia's 2026-01-23, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Difference | −1.5 pp | Colombia higher |
Between the two, Colombia's wealth tax rate (1.5%) tops Belize's (0%) by 1.5pp. The 193-country average is 0.1%: Belize sits below it, Colombia sits above it.
Not covered for both countries yet: Crypto Tax.