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Paycheque deductions

Hi,

I thought I saw information about this some time ago on the site, but couldn´t find it with the google search.

I know that in Colombia you pay
1. Income Tax
2. Medical Contribution
3. Pension Plan

What are the rates? Is it a fixed percent for each, or a sliding scale?

To keep the numbers easy, if one were to earn 1,000,000 COP per month, how much would these deductions come out to (roughly)?

Thanks,

Dave

By daver on May 4, 2005, 16:31 in Friendly Talkzone.

claudia82 says on May 4, 2005, 18:19:

Income Tax You only pay income tax of 35% if you earn more than 80 million pesos a year. For 1 million a month the deductions would be around 50-60 thousand every month (I know this by experience). The Pension Plan is around 12% of your salary(I don't remember the % of medical) your employer pays 2/3 of the total amount of the contribution and the employee pays 1/3

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daver says on May 7, 2005, 18:06:

Thanks Claudia,

Its more a question about my wife... it would appear that they (her employers) are deducting the full 12% off her cheque for pension plan, and a very similar amount for her medical. I guess they are not paying their share.

Lets say she can´t clear this up with her employer... what can she do about it (where do you report such things?)

Dave

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