Expatriate tax ebook - Columbia

What taxes?

Inheritance, estate and gift taxes
Local taxes
Real estate taxes
Social security taxes
Other specific taxes


Inheritance, estate & gift taxes
Inheritance, gifts, awards arise from the lottery and any other windfall income are taxable income, at the rate of 33% because it is considered a complementary income tax.

Local taxes
Industry and Commerce tax may affected expatriates if they render services arise from a civil or commercial contract such as independent advisory.

Real estate tax
The real property is levied with real estate tax, it will depend of the type of property, the activity that will be developed on it, and the official price assigned by each local tax authority.

It is worth to point out that this tax is not national, is regulated by the competent local authority.

Social security taxes - 2008

Professional Risk: between 0,522% and 6,960% depending of the risk of the company’s activity.

The base is the salary and other payments that the expatriate receives from his/her labour contract.

Other specific taxes
Tax on the financial transactions: 0,4% on each bank withdraw.

Information about Columbia:

• introduction 
• facts and figures
• basis of taxation
• what taxes?
• tax planning opportunities