Colombia has published Decree 2613 of 28 December 2022, which sets the minimum legal monthly wage for 2023. As compared to 2022, the minimum wage for 2023 is increased from COP 1,000,000 to COP 1,160,000. The minimum wage is used for various purposes including the determination of the maximum social security contribution basis, which is 25 times the minimum legal monthly wage for both employer…