Colombia is a sovereign state largely situated in the northwest of South America, with territories in Central America. Colombia shares a border to the northwest with Panama, to the east with Venezuela and Brazil and to the south with Ecuador and Peru. It shares its maritime limits with Costa Rica, Nicaragua, Honduras, Jamaica, Haiti and the Dominican Republic. It is a unitary, constitutional republic comprising thirty-two departments. The territory of what is now Colombia was originally inhabited by indigenous peoples, including the Muisca, Quimbaya and the Tairona.
Capital: Bogotá
Currency: Peso
Timezone: UTC-5
Corporate tax rate: 25%
Personal tax rate: 0-33%
Capital gains tax: 10%
VAT: 19%
Tax residence: 183 days rule: world income is taxed with some exceptions.
CFC Rules: Yes
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