CO · Americas ↔ MX · Americas
Colombia vs Mexico: tax rates compared
Colombia's income tax rate is 4pp higher than Mexico's (39% vs 35%). The 37-country average is 43.2%: both sit below 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
| Country | Rate | Source |
|---|---|---|
| Colombia | 39% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +4 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Colombia higherlargest gap on this page |
Colombia's corporate tax rate is 5pp higher than Mexico's (35% vs 30%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | +3 pp | Colombia higher |
Colombia's VAT rate is 3pp higher than Mexico's (19% vs 16%). The 37-country average is 19.5%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Mexico | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-24 |
| Difference | +1.5 pp | Colombia higher |
Colombia's wealth tax rate is 1.5pp higher than Mexico's (1.5% vs 0%). The 193-country average is 0.1%: Colombia sits above it, Mexico sits below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.