Colombia Payroll Changes - 2026
Minimum salary/Wage changes
- Monthly minimum wage: Increases to COP 1,750,905 (up from COP 1,423,500).
- Increase: 23% (Net increase of COP 327,405).
- Effective: January 1, 2026 (Decree 1469 of 2025).
- Allowances (Law 2466 of 2025)
- Employees earning up to 2 minimum wages must receive a transportation or connectivity allowance.
- New increases
- The 23% wage increase triggers a proportional increase in social security contributions (health, pension, risks), statutory benefits (service bonus, severance), and payroll taxes (parafiscales).
- Workwear entitlement (Law 2466 of 2025)
- Employees earning up to 2 minimum wages are entitled to three clothing and footwear provisions annually.
- Schedule: April, August, and December.