CO · AmericasPY · Americas
Colombia vs Paraguay: tax rates compared
Between the two, Colombia's income tax rate (39%) tops Paraguay's (10%) by 29pp. The 200-country average is 28%: Colombia sits above it, Paraguay sits below it. Colombia's figure is dated 2025-01-01 and Paraguay's 2026-02-07, 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 | PY | Difference |
|---|---|---|---|
| Income Tax | 39% | 10% | CO +29 pplargest gap |
| Corporate Tax | 35% | 10% | CO +25 pp |
| VAT | 19% | 10% | CO +9 pp |
| Capital Gains Tax | 15% | 8% | CO +7 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 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +29 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +25 pp | Colombia higher |
Between the two, Colombia's corporate tax rate (35%) tops Paraguay's (10%) by 25pp. The 201-country average is 22.6%: Colombia sits above it, Paraguay sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +9 pp | Colombia higher |
Between the two, Colombia's VAT rate (19%) tops Paraguay's (10%) by 9pp. The 181-country average is 15%: Colombia sits above it, Paraguay 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 |
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +7 pp | Colombia higher |
Between the two, Colombia's capital gains tax rate (15%) tops Paraguay's (8%) by 7pp. The 175-country average is 10.3%: Colombia sits above it, Paraguay 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 |
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| Difference | +1.5 pp | Colombia higher |
Between the two, Colombia's wealth tax rate (1.5%) tops Paraguay's (0%) by 1.5pp. The 193-country average is 0.1%: Colombia sits above it, Paraguay sits below it.
Not covered for both countries yet: Crypto Tax.