Corporate Tax Comparison

Colombia vs South Korea

Compare Colombia and South Korea corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Colombia: 4/05/2026 · South Korea: 4/04/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Colombia

South Korea

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Colombia: 4/05/2026 · South Korea: 4/04/2026

Corporate Income Tax (CIT)

Colombia

South Korea

General CIT Rate:

35 (surcharges may apply)

General CIT Rate:

Progressive: 10% (up to 200M KRW), 20% (200M-20B KRW), 22% (20B-300B KRW), 25% (over 300B KRW)

CIT Return Due Date:

Between April and May, depending on the tax ID of each taxpayer.

CIT Return Due Date:

Mid-term tax returns: within two months from the end of the six-month period; annual tax returns: within three months from the end of the fiscal year.

CIT Payment Due Date:

According to the type of taxpayer, the CIT payment may be due in April to May with the CIT declaration form, or it may be due in July as the third installment.

CIT Payment Due Date:

The submission of the declaration form (instalment payments are allowed in the case of elections).

CIT Estimated Payment Due Date:

Big taxpayers: 3 installments. Other taxpayers: 2 installments.

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

Colombia

South Korea

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

20/20/20

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

Colombia

South Korea

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Colombia

South Korea

General Capital Gain Tax Rate:

25 (the same as the normal CIT rate for corporations over 300B KRW taxable income)

Effective Tax Rate (ETR)

Colombia

South Korea

Composite Effective Average Tax Rate:

32.93%

Composite Effective Average Tax Rate:

24.87%

Composite Effective Marginal Tax Rate:

32.59%

Composite Effective Marginal Tax Rate:

22.0%

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