2026 Vacations: How to Calculate Your Pay with the New Minimum Wage
With the 2026 minimum wage set at $2,000,000, many workers have started to wonder how much they are entitled to for vacations and how to calculate it correctly.
TL;DR
- Employees in Colombia are entitled to 15 business days of vacation per year worked.
- Vacation pay is based on the ordinary salary at the time of leave and excludes transport allowance.
- With the 2026 minimum wage of $2,000,000, 15 days of vacation equate to $1,000,000.
- For incomplete years of work, vacation pay is calculated proportionally.
- Vacation pay is not subject to health or pension discounts and is paid in full before the leave begins.