Colombia
AmericasMexico
AmericasColombia vs Mexico Tax Comparison
Summary
1
🇨🇴 Colombia
0
Ties
6
🇲🇽 Mexico
🇲🇽 Mexico has lower tax rates in more categories
Tax Rates Comparison
| Category | 🇨🇴Colombia | 🇲🇽Mexico |
|---|---|---|
| Top Income Tax Rate | 39% | 35%Lower |
| Corporate Tax Rate | 35% | 30%Lower |
| VAT / Sales Tax | 19% | 16%Lower |
| Capital Gains Tax | 15% | 10%Lower |
| Employee Social Security | 8% | 2.78%Lower |
| Employer Social Security | 20.5%Lower | 26.5% |
| Self-Employed Social Security | 28.5% | 2.78%Lower |
Living Indicators
| Category | 🇨🇴Colombia | 🇲🇽Mexico |
|---|---|---|
| Cost of Living Index | 26Lower | 30 |
| Quality of Life Index | 48Lower | 52 |
| Tax Treaties | 16Lower | 59 |
Income Tax Brackets
Colombia
UVT-based brackets (1 UVT = ~47,065 COP in 2024). Progressive system.
Mexico
MXN annual amounts. Complex bracket system with credits at each level.
Special Tax Regimes
Colombia
Free Trade Zones
20% corporate tax rate (vs 35% standard) and VAT exemption on inputs.
Mexico
RESICO (Simplified Trust Regime)
1-2.5% monthly ISR on income for individuals with annual income under 3.5M MXN.
Digital Nomad Visa
Digital Nomad Visa (V-type). Must earn at least 3x Colombian minimum wage (~USD 975/month). Valid 2 years.
Temporary Resident Visa allows remote work. No specific income requirement but must prove economic solvency.
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.
Data last updated: Colombia (2024-01) · Mexico (2024-01)