The Social Security Rate For Companies in Colombia stands at 20.50 percent. Social Security Rate For Companies in Colombia averaged 34.77 percent from 2004 until 2019, reaching an all time high of 40.20 percent in 2015 and a record low of 20.50 percent in 2017.

Social Security Rate For Companies in Colombia is expected to be 20.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Social Security Rate For Companies is projected to trend around 20.50 percent in 2020, according to our econometric models.

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Colombia Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
20.50 21.00 40.20 20.50 2004 - 2019 percent Yearly


Colombia Social Security Rate For Companies
In Colombia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Colombia because they help to pay for many social programs including welfare, health care and many other benefits.

Colombia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 34.00 34.00 35.00 25.00 percent [+]
Personal Income Tax Rate 33.00 33.00 38.50 33.00 percent [+]
Sales Tax Rate 19.00 19.00 19.00 16.00 percent [+]
Social Security Rate 30.50 30.50 48.20 30.50 percent [+]
Social Security Rate For Companies 20.50 21.00 40.20 20.50 percent [+]
Social Security Rate For Employees 10.00 10.00 10.00 7.38 percent [+]