![]() ![]() The general tax rate for capital gains in Colombia is 15%. Gains derived from lotteries or gaming.Gains derived from inheritances, legacies, or donations (such as the portion of the estate received by the spouse or the heir).Gains derived from the liquidation of a company that has been in existence for at least two years.Gains derived from the sale of assets (shares, bonds, etc.) held for at least two years. ![]() The different kinds of capital gains in Colombian tax law are: Capital gains taxesĬapital gains are considered extraordinary income received by an individual from the occurrence of an exceptional economic act. In addition, for employees with salaries higher than ten minimum monthly wages, employers must pay a 9% payroll tax on salary items only, the basis of which is 100% for ordinary salaried employees and 70% for integral salaried employees. Also, employees who earn more than 16 minimum monthly salaries (COP 18,560,000) must contribute an additional percentage (between 0.2% and 1%), depending on the amount of salary received.įor professional risks ( Aportes de Riesgos Profesionales), the employer must pay a contribution ranging from 0.522% to 6.96% of the monthly salary, which is an insurance that covers risks of labour-related illnesses or accidents, permanent disability, death, and incapacity also derived from the employee's activity. Note that employees who earn more than four minimum legal monthly salaries (COP 4,640,000) must contribute an additional 1%, which will be destined to the pension solidarity fund, created by law to cover the risks of workers with scarce resources. ![]() In regards to the mandatory contribution to the pension system, the employer should contribute 12% over the basis and the employee 4%. As such, the 8.5% contribution applies only to salaries above ten minimum monthly wages. Note that starting from 2014, for employees with salaries below ten minimum monthly wages (COP 11,600,000), the mandatory contribution to the health system on behalf of the employer does not apply. Out of this percentage, 75% (approximately 20.5% of the monthly salary) must be borne by the employer and 25% (approximately 8% of the monthly salary) must be borne by the employee.Īs such, for the mandatory health system, the employee should contribute 4% and the employer 8.5%. In the two regimes (public and private), the contribution amounts are currently 28.5% of the monthly salary. The basis for contributions is determined by the monthly salary (excluding non-salary items) earned by the employee, which may not be, for ordinary salaried employees, less than the minimum legal monthly salary (COP 1,160,000 in 2023) and may not exceed 25 minimum legal monthly salaries (COP 29 million in 2023).įor employees who earn an integral salary, the basis for pension contributions will be the lower of 25 minimum legal monthly salaries or 70% of such integral salary. Every employee whose work contract is governed by Colombian labour regulations (with the exception of some foreign employees who may become voluntarily affiliated to the pensions system) must be affiliated to the integral social security system, which includes the: ![]()
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