Metric🇩🇪 Germany🇨🇴 Colombia
CurrencyEURCOP
Avg gross/year€ 48,000COP 42,000,000
Avg net/month€ 2,820COP 3,000,000
Min wage gross/mo€ 2,054COP 1,300,000
Employee rate20.5%8.0%
Employer rate23.0%21.0%
Avg tax rate18.0%8.0%
Total deductions38%16%