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Colombia vs Trinidad and Tobago
Tax Rate Comparison

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

πŸ‡¨πŸ‡΄ Colombia
vs
πŸ‡ΉπŸ‡Ή Trinidad and Tobago
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
25–30%
30% top; energy transition planning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–19%
19% standard; no major change
No change
12.5%
12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
35%
35% stable; competitiveness concerns vs. regional peers
No change
25–35%
CIT stable; LNG sector key
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
~13.2%
NIS reform ongoing
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‡ΉπŸ‡Ή Trinidad and Tobago β€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean β€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

⚠️ 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 Trinidad and Tobago: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¨πŸ‡΄ Colombia has a higher top income tax rate (0–39% vs 25–30%). πŸ‡ΉπŸ‡Ή Trinidad and Tobago is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Colombia has a higher consumption tax (0–19% vs 12.5%).

🏒 Corporate Tax: Corporate rates are similar in both countries (35% vs 25–35%).

πŸ“ˆ Capital Gains: πŸ‡ΉπŸ‡Ή Trinidad and Tobago taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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