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Colombia vs South Korea: tax rates compared
South Korea's income tax rate is 10.5pp higher than Colombia's (49.5% vs 39%). The 200-country average is 28%: both sit above it.
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 | KR | Difference |
|---|---|---|---|
| Income Tax | 39% | 49.5% | KR +10.5 pp |
| Corporate Tax | 35% | 26.4% | CO +8.6 pp |
| VAT | 19% | 10% | CO +9 pp |
| Capital Gains Tax | 15% | 0% | CO +15 pplargest gap |
| 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 |
| South Korea | 49.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −10.5 pp | South Korea higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| South Korea | 26.4% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +8.6 pp | Colombia higher |
Colombia's corporate tax rate is 8.6pp higher than South Korea's (35% vs 26.4%). 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 |
| South Korea | 10% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04 |
| Difference | +9 pp | Colombia higher |
Colombia's VAT rate is 9pp higher than South Korea's (19% vs 10%). The 181-country average is 15%: Colombia sits above it, South Korea 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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Income determination) · as of 2026-07-02 |
| Difference | +15 pp | Colombia higher |
Colombia's capital gains tax rate is 15pp higher than South Korea's (15% vs 0%). The 175-country average is 10.3%: Colombia sits above it, South Korea 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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Income determination — Income from virtual assets) · as of 2026-06-04 |
| Difference | +15 pp | Colombia higher |
Colombia's crypto tax rate is 15pp higher than South Korea's (15% vs 0%). The 88-country average is 13%: Colombia sits above it, South Korea sits below it. Colombia's figure is dated 2023-10-17 and South Korea's 2026-06-04, 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 |
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| Difference | +1.5 pp | Colombia higher |
Colombia's wealth tax rate is 1.5pp higher than South Korea's (1.5% vs 0%). The 193-country average is 0.1%: Colombia sits above it, South Korea sits below it.