Through Decrees 1572 and 1573 of 2024, issued on December 24, 2024, the President of Colombia announced increases to both the monthly legal minimum wage (SMLMV) and the transport allowance, known as “auxilio de transporte.” These changes are set to take effect from January 1, 2025.
The SMLMV for 2025 will be COP$1,423,500. This represents a significant 9.54 percent increase compared to the minimum wage in force throughout 2024. In addition to this wage increase, the “auxilio de transporte” for 2025 has been established at COP$200,000. This transport allowance is a key component of compensation for many Colombian workers, designed to assist with commuting costs.
This adjustment to the “auxilio de transporte” and the minimum wage is an important factor for businesses and employees in Colombia to consider as they plan for the coming year. Understanding these values is crucial for payroll management and personal budgeting alike.
2025 SMLMV and Auxilio de Transporte Equivalency Table
For a clear breakdown of the new values for 2025, refer to the equivalency table below:
| Concept | Value (COP) |
|---|---|
| Legal Monthly Minimum Wage (SMLMV) | $1,423,500 |
| Legal Transport Allowance (Auxilio de Transporte – AT) | $200,000 |
| Total (SMLMV + AT) | $1,623,500 |
| Daily Minimum Wage | $47,450 |
| Comprehensive Minimum Wage (13 SMLMV) | $18,505,500 |
| Minimum Value per Regular Hour | $6,189 |
| Minimum Value per Daytime Overtime Hour | $7,736 |
| Minimum Value per Nighttime Overtime Hour | $10,831 |
| Minimum Value Night Surcharge per Hour | $4,642 |
Holland & Knight is actively monitoring the implementation of these regulations and their potential impact on labor relations within companies operating in Colombia. Staying informed about these changes is vital for ensuring compliance and effective workforce management.
For further information or detailed analysis, please reach out to the authors or your legal counsel for specific advice tailored to your situation.
Disclaimer: The information provided in this article is intended for educational and general knowledge purposes for our readers. It is not designed to be, nor should it be used as, the sole source of information when analyzing and resolving a legal issue. It should not substitute professional legal advice based on a specific factual analysis. Laws vary by jurisdiction and are subject to change. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. For specific questions about a particular factual situation, please consult with the authors of this publication, your Holland & Knight representative, or another competent legal advisor.
