CO · AmericasLY · Africa
Colombia vs Libya: tax rates compared
Colombia's income tax rate is 29pp higher than Libya's (39% vs 10%). The 200-country average is 28%: Colombia sits above it, Libya sits below it. Colombia's figure is dated 2025-01-01 and Libya's 2026-05-31, 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 | LY | Difference |
|---|---|---|---|
| Income Tax | 39% | 10% | CO +29 pplargest gap |
| Corporate Tax | 35% | 20% | CO +15 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 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +29 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +15 pp | Colombia higher |
Colombia's corporate tax rate is 15pp higher than Libya's (35% vs 20%). The 201-country average is 22.6%: Colombia sits above it, Libya sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +19 pp | Colombia higher |
Colombia's VAT rate is 19pp higher than Libya's (19% vs 0%). The 181-country average is 15%: Colombia sits above it, Libya 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 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +15 pp | Colombia higher |
Colombia's capital gains tax rate is 15pp higher than Libya's (15% vs 0%). The 175-country average is 10.3%: Colombia sits above it, Libya sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Difference | +1.5 pp | Colombia higher |
Colombia's wealth tax rate is 1.5pp higher than Libya's (1.5% vs 0%). The 193-country average is 0.1%: Colombia sits above it, Libya sits below it.
Not covered for both countries yet: Crypto Tax.