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Colombia vs Bahamas
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡΄ Colombia
vs
πŸ‡§πŸ‡Έ Bahamas
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0–39%
Reform proposals; Petro administration final year
No change
0%
No income tax maintained
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–19%
19% standard; no major change
No change
10%
10% VAT maintained
No change
Corporate Tax Rate
Corporate Tax Rate
35%
35% stable; competitiveness concerns vs. regional peers
No change
0%
No CIT; Pillar Two compliance via domestic top-up
No change
Capital Gains Tax
Capital Gains Tax
15%
15% flat; potential reform for real estate gains
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~30%
Pension reform fully phasing in; new contribution structure
No change
~9.8%
NIB; hurricane recovery spending affecting fiscal position
No change
State, Regional & Local Taxes

πŸ‡¨πŸ‡΄ Colombia β€” Departmental & Municipal Taxes

Colombia's 32 departments and 1,102 municipalities levy Industria y Comercio (ICA) β€” a gross receipts tax on business activity at 0.2%–1.4% of revenues. Municipalities set property tax (predial) rates within national ranges. The SIMPLE tax regime integrates various taxes for small businesses. BogotΓ‘ and MedellΓ­n have higher ICA rates than smaller cities. Departments levy taxes on alcohol, tobacco, and vehicle registration.

πŸ‡§πŸ‡Έ Bahamas β€” Local Government Rates & Fees

The Bahamas' islands have local government bodies collecting fees for services, building permits, and business licences. The Bahamas famously has no income tax, no capital gains tax, no corporate income tax, and no withholding tax β€” making it one of the world's purest zero-tax jurisdictions. Revenue comes through VAT (introduced 2015), real property tax, customs duties, and stamp duty. As a major offshore financial centre and tourism destination, the Bahamas has faced OECD/FATF pressure on transparency and has made significant reforms.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Colombia vs Bahamas: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡΄ Colombia has a higher top income tax rate (0–39% vs 0%). πŸ‡§πŸ‡Έ Bahamas is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Colombia has a higher consumption tax (0–19% vs 10%).

🏒 Corporate Tax: πŸ‡§πŸ‡Έ Bahamas offers a lower corporate rate (0% vs 35%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡§πŸ‡Έ Bahamas taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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