CO · AmericasSO · Africa
Colombia vs Somalia: tax rates compared
Between the two, Colombia's income tax rate (39%) tops Somalia's (18%) by 21pp. The 200-country average is 28%: Colombia sits above it, Somalia sits below it.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | CO | SO | Difference |
|---|---|---|---|
| Income Tax | 39% | 18% | CO +21 pplargest gap |
| Corporate Tax | 35% | 15% | CO +20 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 |
| Somalia | 18% | Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01 |
| Difference | +21 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Somalia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +20 pp | Colombia higher |
Between the two, Colombia's corporate tax rate (35%) tops Somalia's (15%) by 20pp. The 201-country average is 22.6%: Colombia sits above it, Somalia 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 |
| Somalia | 0% | Source: Somalia Revenue Directorate — Direct Tax · as of 2026-07-18 |
| Difference | +1.5 pp | Colombia higher |
Between the two, Colombia's wealth tax rate (1.5%) tops Somalia's (0%) by 1.5pp. The 193-country average is 0.1%: Colombia sits above it, Somalia sits below it.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.