πŸ‡¨πŸ‡΄ Colombia

South America
0 residency programs
Residence-based taxation
MedellΓ­n, Colombia, Colombia

Countries / Colombia

Known for

Fact Sheet

Continent

South America

Demonym

Colombian

Calling code

+57

Driving side

Right

Motto

Freedom and Order (Libertad y Orden)
Population
49,065,615
Human development index
0.75
Life expectancy
74 years
Unemployment rate
9%
Inflation rate
5.7%
Fertility rate
1.9

Cost of Life

Cost of Living Index
30.66
Rent Index
9.58
Groceries Index
25.05
Restaurant Price Index
22.44
Local Purchasing Power Index
31.12

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (3)

Colombia has concluded 3 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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