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Colombia vs Singapore: tax rates compared
Colombia has an income tax rate of 39%, 15pp above Singapore's 24%. The 200-country average is 28%: Colombia sits above it, Singapore sits below it. Colombia's figure is dated 2025-01-01 and Singapore's 2026-04-27, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CO | SG | Difference |
|---|---|---|---|
| Income Tax | 39% | 24% | CO +15 pp |
| Corporate Tax | 35% | 17% | CO +18 pplargest gap |
| VAT | 19% | 9% | CO +10 pp |
| Capital Gains Tax | 15% | 0% | CO +15 pp |
| Crypto 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 |
| Singapore | 24% | Source: Inland Revenue Authority of Singapore (IRAS) — Individual Income Tax rates · as of 2026-04-27 |
| Difference | +15 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Singapore | 17% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +18 pp | Colombia higher |
Colombia has a corporate tax rate of 35%, 18pp above Singapore's 17%. The 201-country average is 22.6%: Colombia sits above it, Singapore sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Singapore | 9% | Source: PWC Worldwide Tax Summaries — Singapore (Corporate, Other taxes) · as of 2026-07-02 |
| Difference | +10 pp | Colombia higher |
Colombia has a VAT rate of 19%, 10pp above Singapore's 9%. The 181-country average is 15%: Colombia sits above it, Singapore 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 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +15 pp | Colombia higher |
Colombia has a capital gains tax rate of 15%, 15pp above Singapore's 0%. The 175-country average is 10.3%: Colombia sits above it, Singapore sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 15% | Source: DIAN (Dirección de Impuestos y Aduanas Nacionales) — Concepto Unificado sobre Criptoactivos (100202208-1621) · as of 2023-10-17 |
| Singapore | 0% | Source: IRAS e-Tax Guide — Income Tax Treatment of Digital Tokens · as of 2026-01-30 |
| Difference | +15 pp | Colombia higher |
Colombia has a crypto tax rate of 15%, 15pp above Singapore's 0%. The 88-country average is 13%: Colombia sits above it, Singapore sits below it. Colombia's figure is dated 2023-10-17 and Singapore's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Singapore | 0% | Source: PWC Worldwide Tax Summaries — Singapore (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +1.5 pp | Colombia higher |
Colombia has a wealth tax rate of 1.5%, 1.5pp above Singapore's 0%. The 193-country average is 0.1%: Colombia sits above it, Singapore sits below it.