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Colombia vs Philippines: tax rates compared
Colombia has an income tax rate of 39%, 4pp above Philippines's 35%. The 200-country average is 28%: both sit above it. Colombia's figure is dated 2025-01-01 and Philippines's 2026-07-02, 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 | PH | Difference |
|---|---|---|---|
| Income Tax | 39% | 35% | CO +4 pp |
| Corporate Tax | 35% | 25% | CO +10 pp |
| VAT | 19% | 12% | CO +7 pp |
| Capital Gains Tax | 15% | 0.6% | CO +14.4 pplargest gap |
| 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 |
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Difference | +4 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +10 pp | Colombia higher |
Colombia has a corporate tax rate of 35%, 10pp above Philippines's 25%. 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 |
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +7 pp | Colombia higher |
Colombia has a VAT rate of 19%, 7pp above Philippines's 12%. The 181-country average is 15%: Colombia sits above it, Philippines 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 |
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Difference | +14.4 pp | Colombia higher |
Colombia has a capital gains tax rate of 15%, 14.4pp above Philippines's 0.6%. The 175-country average is 10.3%: Colombia sits above it, Philippines 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 |
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Difference | +1.5 pp | Colombia higher |
Colombia has a wealth tax rate of 1.5%, 1.5pp above Philippines's 0%. The 193-country average is 0.1%: Colombia sits above it, Philippines sits below it.
Not covered for both countries yet: Crypto Tax.