Businesses operating in Colombia are subject to various tax obligations, including income tax, value-added tax (VAT), and payroll taxes. The corporate income tax rate is determined based on the type of legal entity and the amount of taxable income generated. Additionally, businesses must comply with VAT regulations by collecting and remitting taxes on goods and services sold. Payroll taxes are also levied on employers based on their employees’ salaries. Understanding and fulfilling these tax obligations is essential to avoid penalties and maintain compliance with Colombian tax laws.