Country Profile: Colombia

Tax to GDP ratio: 19.652

Financial Transactions Tax (FTT): No tax in place

Aviation:  No information available

Carbon Price:  Yes – Carbon pricing instrument in place

  • Instruments: National Carbon tax, National ETS
  • Emissions covered: 0.2%
  • Price: COP25,800 (US$6.68)
  • Revenue: COP575,274 million (US$124 million)
  • Sectors covered: Electricity and heat, Industry, Mining and extractives, Transport, Aviation, Buildings, Agriculture, forestry and fishing fuel use
  • Offsetting: Yes, unlimited

Source

Oil & Gas Revenues:

  • Total government revenue from oil & gas in 2022: $9.6 billion
  • Share of oil & gas activity covered: 100%

 

Source: ICTD (all types of taxes : royalties, income tax, mineral rent tax, production entitlements)

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