TaxGlass

CO · Americas ↔ IT · Europe

Colombia vs Italy: tax rates compared

Italy's income tax rate is 8.2pp higher than Colombia's (47.2% vs 39%). The 37-country average is 43.2%: Colombia sits below it, Italy sits above it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%CO 39%IT 47.2%
Income Tax, side by side
CountryRateSource
Colombia39%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Italy47.2%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference−8.2 ppItaly higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CO 35%IT 27.8%
Corporate Tax, side by side
CountryRateSource
Colombia35%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Italy27.8%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+7.2 ppColombia higher

Colombia's corporate tax rate is 7.2pp higher than Italy's (35% vs 27.8%). The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%CO 19%IT 22%
VAT, side by side
CountryRateSource
Colombia19%Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23
Italy22%Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13
Difference−3 ppItaly higher

Italy's VAT rate is 3pp higher than Colombia's (22% vs 19%). The 37-country average is 19.5%: Colombia sits below it, Italy sits above it.

Wealth Tax

0102030405060World avg 0.1%CO 1.5%IT 0%
Wealth Tax, side by side
CountryRateSource
Colombia1.5%Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23
Italy0%Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01
Difference+1.5 ppColombia higher

Colombia's wealth tax rate is 1.5pp higher than Italy's (1.5% vs 0%). The 193-country average is 0.1%: Colombia sits above it, Italy sits below it. Colombia's figure is dated 2026-01-23 and Italy's 2024-01-01, so the two rates come from different data vintages.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.