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Colombia vs Iraq: tax rates compared
Colombia's income tax rate is 24pp higher than Iraq's (39% vs 15%). The 200-country average is 28%: Colombia sits above it, Iraq sits below it. Colombia's figure is dated 2025-01-01 and Iraq's 2026-06-24, so the two rates come from different data vintages.
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 | CO | IQ | Difference |
|---|---|---|---|
| Income Tax | 39% | 15% | CO +24 pplargest gap |
| Corporate Tax | 35% | 15% | CO +20 pp |
| VAT | 19% | 0% | CO +19 pp |
| Capital Gains Tax | 15% | 0% | CO +15 pp |
| Wealth Tax | 1.5% | 0% | CO +1.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 39% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Iraq | 15% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Taxes on personal income) · as of 2026-06-24 |
| Difference | +24 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Iraq | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +20 pp | Colombia higher |
Colombia's corporate tax rate is 20pp higher than Iraq's (35% vs 15%). The 201-country average is 22.6%: Colombia sits above it, Iraq sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Corporate, Other taxes) · as of 2026-06-24 |
| Difference | +19 pp | Colombia higher |
Colombia's VAT rate is 19pp higher than Iraq's (19% vs 0%). The 181-country average is 15%: Colombia sits above it, Iraq sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 15% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Iraq | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Iraq · as of 2025-10-01 |
| Difference | +15 pp | Colombia higher |
Colombia's capital gains tax rate is 15pp higher than Iraq's (15% vs 0%). The 175-country average is 10.3%: Colombia sits above it, Iraq sits below it. Colombia's figure is dated 2026-01-23 and Iraq's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Iraq | 0% | Source: PWC Worldwide Tax Summaries — Iraq (Individual, Other taxes) · as of 2026-06-24 |
| Difference | +1.5 pp | Colombia higher |
Colombia's wealth tax rate is 1.5pp higher than Iraq's (1.5% vs 0%). The 193-country average is 0.1%: Colombia sits above it, Iraq sits below it.
Not covered for both countries yet: Crypto Tax.