Accountancy in Colombia

>> Employment in Colombia

 Social Security

Workers are affiliated by employers to Social Security in Pension, Health, Occupational Hazards and other contributions (welfare, study, etc.). These contributions are calculated as a percentage of the worker’s salary as follows:

  • Pension 13.5%
  • Health 12.5%
  • Occupational Risks 1% (varies according to the activity to be performed)
  • Family Compensation Fund (welfare, housing, recreation) 4%
  • SENA (contribution to technical and technological studies) 3%

 

Additional charges for the employer Some employers within the contract agreed with the workers, provide other benefits of variable value, such as:

  • Prepaid medicine
  • Bonus for transport and / or Communications
  • Representation expenses.

 

These benefits do not add to the salary base for purposes of calculating social security contributions.


Latest version updated 5th April 2019

Country Breakdown

48.65

Million

Population

$

Colombian Peso

Currency

$ 282.5

Billion

GDP

1.142

Million

km2