TaxGlass

CO · Americas ↔ KR · Asia

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 37-country average is 43.2%: Colombia sits below it, South Korea sits above it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%CO 39%KR 49.5%
Income Tax, side by side
CountryRateSource
Colombia39%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
South Korea49.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference−10.5 ppSouth Korea higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CO 35%KR 26.4%
Corporate Tax, side by side
CountryRateSource
Colombia35%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
South Korea26.4%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+8.6 ppColombia 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

0102030405060World avg 19.5%CO 19%KR 10%
VAT, side by side
CountryRateSource
Colombia19%Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23
South Korea10%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Corporate, Other taxes) · as of 2026-06-04
Difference+9 ppColombia higher

Colombia's VAT rate is 9pp higher than South Korea's (19% vs 10%). The 37-country average is 19.5%: both sit below it.

Wealth Tax

0102030405060World avg 0.1%CO 1.5%KR 0%
Wealth Tax, side by side
CountryRateSource
Colombia1.5%Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23
South Korea0%Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02
Difference+1.5 ppColombia 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.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.