Colombia

Currency
Colombian peso (COP)
Payroll Frequency
Bi-weekly or monthly
Employer Taxes
20.52% - 26.96%

About 

Colombia

Lying in the northern part of the South American continent, Colombia is a highly biodiverse country that encompasses rainforests, deserts, highlands, and coasts on both the Pacific and Atlantic Oceans. It also has the third-largest economy in South America.

Overview

Population
50,372,424
Language
Spanish
Capital
Bogota
Currency
Colombian peso (COP)
Country code
+57
Min wage
908.526 COP per month
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Bi-weekly/monthly

Avg employer tax

20.52% - 26.96%

Taxation

Tax breakdown - Employer
  • Pension fund: 12%
  • Medical plan: 8%
  • Labor risks: 0.52% – 6.96%
VAT

19%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 10 Jan: Epiphany Holiday
  • 21 Mar: St Joseph's Day
  • 14 Apr: Maundy Thursday
  • 15 Apr: Good Friday
  • 1 May: Labor Day
  • 30 May: Ascension Day Holiday
  • 20 Jun: Corpus Christi Holiday
  • 27 Jun: Sacred Heart Day
  • 4 Jul: Feast of St Peter and St Paul
  • 20 Jul: Independence Day
  • 7 Aug: Battle of Boyacá Day
  • 15 Aug: Assumption Day Holiday
  • 17 Oct: Columbus Day Holiday
  • 7 Nov: All Saints' Day Holiday
  • 14 Nov: Independence of Cartagena Holiday
  • 8 Dec: Immaculate Conception
  • 25 Dec: Christmas Day
Sick days

Employers must pay employees for their first two days of sick leave, at a rate equal to 2/3rds of their regular salary. After the first two days, all employee payments for sick leave are reimbursed by social security.

Maternity leave

Paid maternity leave is set at 18 weeks and 100% of salary. Payments are made by the employer, who is then reimbursed by social security.

Paternity leave

Paid paternity leave is set at 8 days and 100% of salary. Payments are made by the employer, who is then reimbursed by social security.

Termination

Termination Process

Colombian labor laws stipulate the termination process and require employees to provide sufficient cause in cases of dismissal without notice. Notices of termination must be made in writing and also sent to the relevant government departments.

Notice Period

Notice periods are determined by how frequently an employee is paid and their length of service. Employees paid weekly require eight days' notice. Employees paid less frequently than weekly, or who have over one years' service, require 30 days' notice (plus three extra days per year of service, up to a maximum of 90 days).

Severance Pay

When mandatory severance pay is applicable, the amount to be paid depends on the employee's length of service and salary. Employees earning under ten times the minimum monthly wage are entitled to 30 days' pay for their first year of employment and 20 days for each extra year. Employees earning over that threshold are entitled to 20 days' pay for their first year of employment and 15 days for each extra year.

Probation Period

The typical duration of a probationary period in Colombia is two months.

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Tax Calculation

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CO
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
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Colombia

العملة
Colombian peso (COP)
تردد الرواتب
Bi-weekly or monthly
ضرائب أصحاب العمل
20.52% - 26.96%

عن 

Colombia

Lying in the northern part of the South American continent, Colombia is a highly biodiverse country that encompasses rainforests, deserts, highlands, and coasts on both the Pacific and Atlantic Oceans. It also has the third-largest economy in South America.

ملخص

التركيبة السكانية
50,372,424
اللغة
Spanish
العاصمة
Bogota
العملة
Colombian peso (COP)
رمز الاتصال الدولي
+57
الحد الأدنى للأجور
908.526 COP per month
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
48 hours per week

الرواتب

موعد صرف الرواتب

Bi-weekly/monthly

متوسط ​​ضريبة صاحب العمل

20.52% - 26.96%

تحصيل الضرائب

التوزيع الضريبي - صاحب العمل
  • Pension fund: 12%
  • Medical plan: 8%
  • Labor risks: 0.52% – 6.96%
ضريبة القيمة المضافة

19%

العطل / PTO

العطلات الرسمية في عام 2024
  • 1 Jan: New Year's Day
  • 10 Jan: Epiphany Holiday
  • 21 Mar: St Joseph's Day
  • 14 Apr: Maundy Thursday
  • 15 Apr: Good Friday
  • 1 May: Labor Day
  • 30 May: Ascension Day Holiday
  • 20 Jun: Corpus Christi Holiday
  • 27 Jun: Sacred Heart Day
  • 4 Jul: Feast of St Peter and St Paul
  • 20 Jul: Independence Day
  • 7 Aug: Battle of Boyacá Day
  • 15 Aug: Assumption Day Holiday
  • 17 Oct: Columbus Day Holiday
  • 7 Nov: All Saints' Day Holiday
  • 14 Nov: Independence of Cartagena Holiday
  • 8 Dec: Immaculate Conception
  • 25 Dec: Christmas Day
الإجازات المرضية

Employers must pay employees for their first two days of sick leave, at a rate equal to 2/3rds of their regular salary. After the first two days, all employee payments for sick leave are reimbursed by social security.

إجازة الأمومة

Paid maternity leave is set at 18 weeks and 100% of salary. Payments are made by the employer, who is then reimbursed by social security.

إجازة الأبوة

Paid paternity leave is set at 8 days and 100% of salary. Payments are made by the employer, who is then reimbursed by social security.

إنهاء العقد

عملية الإنهاء

Colombian labor laws stipulate the termination process and require employees to provide sufficient cause in cases of dismissal without notice. Notices of termination must be made in writing and also sent to the relevant government departments.

فترة الإشعار

Notice periods are determined by how frequently an employee is paid and their length of service. Employees paid weekly require eight days' notice. Employees paid less frequently than weekly, or who have over one years' service, require 30 days' notice (plus three extra days per year of service, up to a maximum of 90 days).

مكافأة نهاية الخدمة

When mandatory severance pay is applicable, the amount to be paid depends on the employee's length of service and salary. Employees earning under ten times the minimum monthly wage are entitled to 30 days' pay for their first year of employment and 20 days for each extra year. Employees earning over that threshold are entitled to 20 days' pay for their first year of employment and 15 days for each extra year.

فترة الاختبار

The typical duration of a probationary period in Colombia is two months.

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حساب الضريبة

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تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري
GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
Employer cost
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
Employee cost
صافي الراتب السنوي
GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
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