Minimum Wage 2026 in Colombia: How to Correctly Calculate Vacation Pay
With the increase in the minimum wage, vacation pay also increases. Photo: Istock
TL;DR
- The 2026 minimum wage in Colombia is $1,750,905, with a transport subsidy of $249,095, totaling $2,000,000.
- Workers are entitled to 15 business days of paid vacation for each year of service, as per the Substantive Labor Code.
- Vacation pay is calculated using the ordinary salary in effect when the vacation begins.
- The transport subsidy is not included when calculating vacation pay.
- Vacation pay is considered ordinary salary and is subject to social security deductions.
- Proportional vacation pay is granted if employment ends before a full year of service.
- Employers determine vacation timing based on operational needs, but workers can request it.
- If vacations start after the minimum wage adjustment, the new salary is used for calculation.