Destination Guide
Gini Talent simplifies employment in Colombia, managing payroll, benefits, taxes, and compliance on one platform.
Services available in this country:
Employer of Record
Contractor Management
Payroll
Capital City
Bogotá
Currency
Colombian Peso
($, COP)
Languages
Spanish
Population size
53,189,122
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Working Hours and Flexibility
In Colombia, working hours are typically 48 hours per week. Flexible working hours and remote work options help maintain a healthy work-life balance.
Employee Rights and Benefits
Employees in Colombia are entitled to minimum wage, annual leave, health insurance, and social security. Safe working conditions are also ensured in the workplace.
Popular Industries and Professions
Popular industries in Colombia include agriculture, mining, tourism, and software development. There is also high demand in healthcare, education, and finance sectors.
Work-Life Balance Insights
Work-life balance is important in Colombia; flexible working hours, holidays, and remote work opportunities prioritize employees' personal lives.
Discover working conditions in Colombia
Health Insurance and Services
In Colombia, health insurance offers citizens comprehensive healthcare services. Both public and private insurance plans provide a wide range of healthcare options.
Family Support Programs
In Colombia, family support programs provide financial assistance and social services to low-income families, aiming to improve their living standards.
Pension and Unemployment Insurance
In Colombia, pension and unemployment insurance ensure job security and retirement benefits for workers. The government oversees and supports these insurance systems.
Disability and Maternity Benefits
In Colombia, disability and maternity benefits compensate workers for income loss due to health issues or maternity leave. The government is responsible for providing these benefits.
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Employer
In Colombia, employers contribute to various taxes, including Pension Fund (2%), Healthcare Fund (8.5%), Labor Risk Pool (0.348%-8.7%), Family Allowance (4%), ICBF (3%), and SENA (2%), totaling 29.848%-36.2%.
Employee Income Taxes
In Colombia, income taxes range from 0% for up to 1090 tax units to 39% for income above 31000 tax units. Tax units (TVU) were introduced in 2006 and updated yearly.
Employee Payroll Taxes
In Colombia, employee payroll taxes include a 4% contribution to the pension fund and a 4% contribution to the healthcare fund. Additionally, the contribution to the general labor risk pool ranges from 0.348% to 8.7%.
Tax Reporting and Filing
Tax reporting and filing in Colombia requires taxpayers to report their annual income accurately. The country’s tax system is complex, so proper filing is essential.
Taxation system in Colombia
Termination Process
Any party terminating the employment contract must provide a written reason, following legal provisions. Employers must justify the dismissal to avoid penalties.
Severance Pay
In Colombia, severance pay depends on contract type and salary. Fixed-term contracts pay remaining salary, while indefinite contracts vary based on years worked and salary.
Notice Period
In Colombia, notice periods vary: no notice for misconduct, 30 days for fixed-term contracts, and 15 days for poor performance. Employees have 24 hours to challenge terminations.
Probation Periods
Probation periods must be in writing. For indefinite or 1–3 year fixed-term contracts, the limit is 2 months. For shorter contracts, it's 1/5 of the duration, up to 2 months.
Employment termination in Colombia
Living Cost in Colombia
Discover the living costs in Colombia with our detailed insights, helping you plan your budget and make informed decisions for your lifestyle.
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