What will happen to products and services that increased with the 23% minimum wage? This is what is known
This February 13, 2026, the Council of State ordered the provisional suspension of the decree that set the minimum wage for this year with a 23% increase. The precautionary measure arises from the consideration that the National Government must justify with greater technical rigor the economic criteria used for such a large increase, granting a period of eight days to issue a new transitional decree.
TL;DR
- The Council of State suspended the 23% minimum wage increase decree issued by the National Government.
- The government has eight days to provide technical justification for the wage hike.
- Payments already made in January and early February are not retroactive.
- Rent increases tied to the minimum wage may be irregular if based on the suspended 23%.
- Taxes and fees calculated on UVT (Unit of Tax Value) are not affected by this suspension.
- Services like SOAT and social security contributions may be adjusted if the new decree lowers the increase.
- President Gustavo Petro criticized the decision as an attack on purchasing power.
- Industry groups are calling for prudence to avoid impacting formal job creation.