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
Effective 1st January 2025, the new minimum salary is COP 1,423,500 per month. The minimum commuting allowance is set at COP 200,000 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.
