The Income tax rates and personal allowances in Colombia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Colombia Tax Calculator 2021.
The Income tax rates and personal allowances in Colombia are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Colombia Tax Calculator 2021.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from ₱ 0.000.00 | to | ₱ 39,575,720.00 [1090 UVT] |
| 19% | Income from ₱ 39,575,720.01 [1090 UVT] | to | ₱ 61,723,600.00 [1700 UVT] |
| 28% | Income from ₱ 61,723,600.01 [1700 UVT] | to | ₱ 148,862,800.00 [4100 UVT] |
| 33% | Income from ₱ 148,862,800.01 [4100 UVT] | to | ₱ 314,790,360.00 [8670 UVT] |
| 35% | Income from ₱ 314,790,360.01 [8670 UVT] | to | ₱ 688,762,760.00 [18970 UVT] |
| 37% | Income from ₱ 688,762,760.01 [18970 UVT] | to | ₱ 1,125,548,000.00 [31000 UVT] |
| 39% | Income from ₱ 1,125,548,000.01 [31000 UVT] | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 35% | Flat rate on all taxable income | ||
Note that non-residents are taxed on Colombian income only.
| Social security category | Employee | Employer | Total |
|---|---|---|---|
| Pension Solidarity Fund | 4% | 12% | 16% |
| Medical plan | 4% | 8.5% | 12.5% |
| ARL | 0% | 6.96% | 6.96% |
| Parafiscales - Clearing Box | 0% | 4% | 4% |
| Parafiscales - ICBF | 0% | 3% | 3% |
| Parafiscales - Seine | 0% | 2% | 2% |
| Social security category | Employee | Employer | ||
|---|---|---|---|---|
| Min. Earnings | Max. Contribution | Min. Earnings | Max. Contribution | |
| Pension Solidarity Fund | n/a | n/a | n/a | n/a |
| Medical plan | n/a | n/a | n/a | n/a |
| ARL | n/a | n/a | n/a | n/a |
| Parafiscales - Clearing Box | n/a | n/a | n/a | n/a |
| Parafiscales - ICBF | n/a | n/a | n/a | n/a |
| Parafiscales - Seine | n/a | n/a | n/a | n/a |
The Colombia Pension Solidarity Fund, which is voluntary for non-residents who are already sufficiently covered by a pension plan within their home jurisdiction, encompassaes a varying rates which is based on the Standard Minimum Legal Monthly Salaries (SMLMs). Employees pay a stardard rate of 4% up to 4 SMLMs, after this, the rate increases n line with the Pension Solidarity Fund (PSF) table shown below.
The Standard Minimum Legal Monthly Salaries (SMLMs) in 2021 is ₱ 877,803.00 and the Monthly Transport Subsidy in Colombia in 2021 is ₱ 102,854.00
| Social security category | Employee | Employer | ||
|---|---|---|---|---|
| Tax Rate | Taxable Income Threshold | |||
| 4% | Income from ₱ 0.000.00 | to | ₱ 42,134,544.00 | |
| 5% | Income from ₱ 42,134,544.01 | to | ₱ 168,538,176.00 | |
| 5.2% | Income from ₱ 168,538,176.01 | to | ₱ 179,071,812.00 | |
| 5.4% | Income from ₱ 179,071,812.01 | to | ₱ 189,605,448.00 | |
| 5.6% | Income from ₱ 189,605,448.01 | to | ₱ 200,139,084.00 | |
| 5.8% | Income from ₱ 200,139,084.01 | to | ₱ 210,672,720.00 | |
| 6% | Income from ₱ 210,672,720.01 | and above | ||
Cesantías are a type of unemployment insurance that are designed to support you when you become unemployed in Colombia. Cesantías are typically written into your employment contract for Colombia and will define at what point the Cesantías will be paid (perhaps at the end of a six month work contract in Colombia or annually if you settle as a long term expat/become a resident for tax purposes in Colombia etc.). Cesantías are typically equal to one equally monthly salary based on an annualised salary. The Cesantías is also subject to interest based on 12% per annum which is 1 per month.
Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Colombia periodically and typically updated each year. Not that not all tax rates and thresholds in Colombia change annually, alterations to tax policy to support strategic economic growth in Colombia mean that the certain areas may be focused on to provide specific tax relief in Colombia or support growth in certain areas (overseas invstment in Colombia for example may mean reduced non-resident income tax rates in Colombia for a period).
When tax policy in Colombia changes, the resultant tax tables also change. Tax tables in Colombia are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Colombia, the Colombia tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Colombia for example).
Colombia Tax Tables may also be referred to as Colombia Tax Slabs, Colombia personal allowances and tax thresholds or Colombia business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2021 tax rates and thresholds used within the 2021 Colombia Salary Calculator. This means that if you are aware of a 2021 tax exemption or 2021 tax allowance in Colombia that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Colombia Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Colombia Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Colombia simple, we achieve this my making the Colombia tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2021 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2021 tax calculations, simply contact us and we will adjust the tool.
Choose a specific income tax year to see the Colombia income tax rates and personal allowances used in the associated income tax calculator for the same tax year.