Colombia

• New Year’s Day
• Epiphany Holiday
• Saint Joseph’s Day
• Maundy Thursday
• Good Friday
• Labour Day
• Ascension Day
• Corpus Christi
• Sacred Heart
• Saint Peter and Paul’s Day
• Declaration of Independence
• Battle of Boyaca
• Assumption Day (in lieu)
• Day of the Races
• All Saints Day Holiday
• Independence of Cartagena
• Immaculate Conception Day
• Christmas Day

Working Hours

Law 2101 of 2021 was enacted to implement a gradual reduction - spanning five years - in the maximum legal working hours in Colombia from 48 to 42 hours per week.

All employers must comply with the labour law, as follows:

• 15 July 2023: 47 hours per week.
• 15 July 2024: 46 hours per week.
• 15 July 2025: 44 hours per week.
• 15 July 2026: 42 hours per week.

Minimum Wage

From January 2024, the new minimum salary is COP 1,300,000.00 per month.

Employee Tax

Annual income*	Tax rate
Up to 1,090 Tax Units	0%
1,090-1,700 Tax Units	19%
1,700- 4,100 Tax Units	28%
4,100- 8,670 Tax Units	33%
8,670- 18,970 Tax Units	35%
18,970- 31,000 Tax Units	37%
More than 31,000 Tax Units	39%
Social security contribution	None

*Colombia’s tax system uses tax units to measure taxable income. One tax unit is equal to COP 36,308.

Bonuses

Employees in Colombia are entitled to a 13th and 14th month salary, payable in June and December.

If they are on an integral contract, these bonuses are already included in the base salary.

Employment contracts in Colombia can be standard or integral. With a standard contract, employees are entitled to 14 payments per year, including a 13th and 14th month salary. Integral contracts entitle employees to 12 payments per year.

Integral contracts can only be used if the salary is at least USD 3,500 per month.

Contracts can be indefinite or fixed-term.

Annual Leave

Minimum of 15 consecutive days' paid holiday.

Sick Leave

Up to 180 days' paid sick leave per year at two-thirds of the employee's salary.

Parental Leave

• Maternity leave: 18 weeks' paid leave.
• Paternity leave: 8 days' paid leave.

Termination Process

Employers in Colombia can terminate a contract provided they give notice and/or compensation in line with legal requirements.

Other grounds for termination include misconduct and poor performance.

Employees can also end a contract by giving at least 30 days' notice.

Severance Pay

Employees are entitled to 20-30 days' severance pay, plus an additional 15-20 days after one year of service.

Under a Mauve Group Employer of Record solution, clients and workers can reap the benefits of Mauve’s Global Master Insurance Programme – a market-leading unified corporate insurance programme that connects all Mauve entities to its two preferred providers.

The insurance provides coverage in overseas locations through a combination of the master policy and its linked local policies, where required by law in certain jurisdictions.  The policies include:

• Employer’s Liability and Public Liability - £10,000,000 combined limit.
• Professional Indemnity - £5,000,000 limit.
• Worker’s Compensation – Limit is dependent on location of work.

For specific information about statutory and recommended insurances in your chosen country, get in touch with Mauve.