Panama vs Colombia
Corporate Tax Comparison
Time of Update: Panama: 4/04/2026 / Colombia: 4/05/2026
Compare Panama and Colombia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Panama vs Colombia Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Panama
Colombia
General CIT Rate:
25
General CIT Rate:
35 (surcharges may apply)
CIT Return Due Date:
Three months after the end of the fiscal year.
CIT Return Due Date:
Between April and May, depending on the tax ID of each taxpayer.
CIT Payment Due Date:
Tax payments must be made within three months after the end of the respective accounting period.
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 Estimated Payment Due Date:
6 months, 9 months, and 12 months after the end of the tax year.
CIT Estimated Payment Due Date:
Big taxpayers: 3 installments. Other taxpayers: 2 installments.
Withholding Tax (WHT)
Panama
Colombia
Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/NA/NA
Resident Withholding Tax (Dividend/Interest/Royalty):
N/A
None-Resident Withholding Tax (Dividend/Interest/Royalty):
5, 10 - 20/12.5/12.5
None-Resident Withholding Tax (Dividend/Interest/Royalty):
20/20/20
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Panama
Colombia
General Capital Gain Tax Rate:
Return on investment sees Panama Company tax summary.
General Capital Gain Tax Rate:
15
Effective Tax Rate (ETR)
Panama
Colombia
Composite Effective Average Tax Rate:
23.33%
Composite Effective Average Tax Rate:
32.93%
Composite Effective Marginal Tax Rate:
18.47%
Composite Effective Marginal Tax Rate:
32.59%
