WorldTax Compareโ† All Comparisons

Norway vs Colombia
Tax Rate Comparison

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

๐Ÿ‡ณ๐Ÿ‡ด Norway
vs
๐Ÿ‡จ๐Ÿ‡ด Colombia
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
22โ€“47.4%
Income thresholds rising with wage growth
No change
0โ€“39%
Reform proposals; Petro administration final year
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12โ€“25%
Standard 25% maintained
No change
0โ€“19%
19% standard; no major change
No change
Corporate Tax Rate
Corporate Tax Rate
22%
Resource rent taxes stable; critical minerals review
No change
35%
35% stable; competitiveness concerns vs. regional peers
No change
Capital Gains Tax
Capital Gains Tax
37.84%
High dividend tax fuels holding co. debate
No change
15%
15% flat; potential reform for real estate gains
No change
Social Security & Payroll
Social Security / Payroll
~19.1%
Stable; labour market tight
No change
~30%
Pension reform fully phasing in; new contribution structure
No change
State, Regional & Local Taxes

๐Ÿ‡ณ๐Ÿ‡ด Norway โ€” Municipal Taxes & Resource Rent

Norway's 15 counties and 356 municipalities set local income tax within a national band; max combined rate ~22%. Norway has unique resource rent taxes on petroleum (78%) and hydropower (67% from 2024). Wealth tax (formuesskatt) applies at 1%โ€“1.1% on net assets above NOK 1.7M. Dividends above a risk-free return are taxed at ~37.84% effective.

๐Ÿ‡จ๐Ÿ‡ด Colombia โ€” Departmental & Municipal Taxes

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

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

Norway vs Colombia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway has a higher top income tax rate (22โ€“47.4% vs 0โ€“39%). ๐Ÿ‡จ๐Ÿ‡ด Colombia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Norway has a higher consumption tax (12โ€“25% vs 0โ€“19%).

๐Ÿข Corporate Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway offers a lower corporate rate (22% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡จ๐Ÿ‡ด Colombia taxes investment gains at a lower rate (15% vs 37.84%), benefiting investors.

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