Metric🇪🇸 Spain🇨🇴 Colombia
CurrencyEURCOP
Avg gross/year€ 28,000COP 42,000,000
Avg net/month€ 1,870COP 3,000,000
Min wage gross/mo€ 1,134COP 1,300,000
Employee rate6.5%8.0%
Employer rate31.0%21.0%
Avg tax rate16.0%8.0%
Total deductions22%16%