Taxes on Goods and Services (As % of Revenue) fell to 24.2% in Colombia in 2016

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Colombia | May 17, 2019
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Taxes on goods and services as a share of revenue reached 24.2 % in 2016 in Colombia, according to the National Statistical Office. This is 6.69 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in Colombia reached an all time high of 28.7 % in 2008 and an all time low of 22.0 % in 2013. When compared to Colombia's main peers, taxes on goods and services as a share of revenue in Brazil amounted to 19.0 % and 37.2 % in Peru in 2016.

Colombia has been ranked 94th within the group of 112 countries we follow in terms of taxes on goods and services as a share of revenue.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bolivia % ... ... ... ... ... ... ... ... ...
Brazil % 23.4% 22.6% 22.4% 22.0% 20.6%
Chile % 44.0% 43.3% 48.9% 49.2% 48.5%
Colombia % 26.1% 24.4% 22.0% 24.9% 26.0%
Guyana % ... ... ... ... ... ... ... ... ...
Peru % 36.2% 35.1% 35.9% 36.1% 38.3%
Trinidad and Tobago % 14.4% 15.2% 14.8% 11.9% 14.5% ... ...
Venezuela % ... ... ... ... ... ... ... ... ...