OCDE - Revenue Statistics in Latin America and the Caribbean 2026 Colombia

Revenue Statistics in Latin America and the Caribbean 2026: Colombia @) OECDRevenue Statistics in Latin America and the Caribbean 2026: Colombia a GDP ratio Tax-to-GDP ratio compared to other Latin American and Caribbean (LAC) countries and regional averages, 2024 Colombia's tax-to-GDP ratio in 2024 (19.9%) was below the LAC average (21.7%) in this years Revenue Statistics in Latin America and the Caribbean publication by 1.9 percentage points and below the OECD average (34.1%) % 40 35 30 Tax-to-GDP ratio over time The tax-to-GDP ratio in Colombia decreased by 2.2 percentage points from 22.1% in 2023 to 19.9% in 2024. In comparison, the LAC average increased by 0.2 percentage points between 2023 and 2024 to 21.7%. Over a longer timeframe, the LAC average has increased by 4.9 percentage points, from 16.8% in 2000 to 21.7% in 2024, whereas the taxto-GDP ratio in Colombia has increased by 4.2 percentage points, from 15.7% to 19.9%. Since 2000, the highest tax-to-GDP ratio in Colombia was 22.1% in 2023, and the lowest was 15.7% in 2000 Range Latin American and Caribbean countries —e— Colombia —e—LAC' — _';8‘_3~¢~0—073<: : g g Y Y

1. Represents the group of 28 Latin American and Caribbean counries incuded inthis publicaion and excludes Cuba (up fo 2020), Grenada (upto 2013), Suriname (up o 2011) and Venezuela due o data issues.

In the OECD classfication the term “laxes” is confined to compulsory unrequited payments to general government. Taxes are unrequited in the sense that benefs provided by

Venezuela due o data issues. In the OECD classfication the term “laxes” is confined to compulsory unrequited payments to general government. Taxes are unrequited in the sense that benefs provided by govemment totaxpayers are not normaly in propartion tothei paymens. htpfwww.oecd. orghatax-policyloecd-cassiication-taxes-nterpretaive-guice.pcf ‘OECD dassifationo es and nferpetave uide Revenue Statistics in Latin America and the Caribbean 2026: Colombia © OECD 2026ax structures Tax structure compared to the regional averages The tax structure refers to the share of each tax revenue category i total tax revenues. The highest share of tax revenues in Colombia in 2024 was derived from value added taxes / goods and services tax (28.2%). The second-highest share of tax revenues in 2024 was derived from corporate income tax (27.1%) B Personal income tax m Social security contributions | Value added taxes / Goods and services tax B Other taxes = Corporate income tax @Taxes on property ® Other taxes on goods and services coL LAC! OECD?

1. Represents the group of 28 Latin American and Caribbean counries incuded inthis publicaion and excludes Cuba (up fo 2020), Grenada (upto 2013), Suriname (up o 2011) and Venezuela due 1o data ssues. Ecuadbor is excluded from the LAG average for CIT and PIT revenue as a suficient breakdown is notavailabe. 2. Data for 2023 are used for the OECD average as the 2024 data are not available. Al igures withi the chart are rounded.

Summary of the tax structure in Colombia Tax revenues in national currency | Tax structure in Colombial Colombian Peso, Millions, 9% in GDP 2023 2024 o 2023 | 2024 | o

Summary of the tax structure in Colombia Tax revenues in national currency | Tax structure in Colombial Colombian Peso, Millions, 9% in GDP 2023 2024 o 2023 | 2024 | o [Taxes on income, profits and capital gains' 140176582] 117231708| 22944874] 88| 69| -20 of which Personal income, profits and gains 24426515] 25650636| +1124122| 15| 15| -00 Corporate income, profits and gains. 113303510| 91681071| 21622439] 72| 54| -18 Social security contributions 25378236 28943 903 +3565667] 16| 17| +01 [Taxes on property 25902169 28010 669 +2108500] 16| 16| +00] [Taxes on goods and services 138 176 864] 143 342 905 +5166040] 87| 84| -03] of which Value added taxes / Goods and services tax 95426 767.8] 95617 646.9 1908790 60| 56| -04 Taxes on specific goods and services 23431043] 27076825 +3645781| 15| 16| <01 of which Excises 18002110 21054 244 +3052133] 11| 12 Customs and import duies. 5428 933 6022 581 +593648] 03] 04 [Other taxes? 20165726 21248181 +1082455] 13[ 12 [ToTALs 349799577| 338777365 11022212 221] 199 . The fevente fiom taxes on income, prof's and gains may not add up o the Sum of revenue from personal income tax and corporate NGome tax due o fevenue that could not be allocatedtothese categories.

. The fevente fiom taxes on income, prof's and gains may not add up o the Sum of revenue from personal income tax and corporate NGome tax due o fevenue that could not be allocatedtothese categories. 2 this county note, “oer taves" is caluiated as tofal tax minus taxes on income, pofis and capital gains, social securiy contrbutons, taxes on property and taxes on goods and senvices. It includes taves on payrol and workforce, and oihr tares (as defined i the OECD Interpretaive Guide).

3. Tax revenue includes net receipts for ll levels of government;figures nthis note may not add up due to rounding For further information, please see: Revenue Statistics in Latin America and the Caribbean 2026

Revenue Statistics in Latin America and the Caribbean 2026: Colombia © OECD 20265 @ @)OECD M & \OIDB o Revenue Statistics in Latin America and the Caribbean 2026 is a joint publication by the OECD, UN-ECLAC, CIAT and IDB, with financial support from the Spanish Agency for Intemational Development Cooperation (AECID) as well as from the governments of Canada, Ireland, Japan, Luxembourg, the Nethertands, Norway, Sweden and Switzerland. This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD Member countries, the members of its Development Centre or of the United Nations, the InterAmerican Center of Tax Administrations (CIAT) or the Inter-American Development Bank (IDB), its Board of Directors, or the countries they represent. The names and representation of countries and territories used in this joint publication follow the practice of the OECD. This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any teritory, to the delimitation of intemational frontiers and boundaries and to the name of any territory, city or area. The full book is available in English: OECD et al. (2026), Revenue Statistics in Latin America and the Caribbean 2026, OECD Publishing, Paris,

delimitation of intemational frontiers and boundaries and to the name of any territory, city or area. The full book is available in English: OECD et al. (2026), Revenue Statistics in Latin America and the Caribbean 2026, OECD Publishing, Paris, hitps:/idoi.org/10.1787/2621f131-en

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