New calibration for local magnitude () was performed for Colombia. The territory was divided into five zones using reported attenuation values for different areas of the country and correlating this information with the mapped lithologies, the absence or presence of volcanic activity, and patterns in the hypocentral locations of seismicity. Seismic data from the Colombian National Seismic Network—Colombian Geological Survey (RSNC‐SGC) were used to obtain a total of 81,232 peak amplitudes from 22,816 earthquakes recorded between January 2015 and August 2017. This set of data was incorporated into a linear inversion to calculate the distance‐correction functions for each zone. A new methodology is proposed for calculating the base level of the distance‐correction function or parameter , using the amplitude values for earthquakes with moment magnitudes () close to 3 measured at stations at distances close to 100 km. The distance‐correction functions obtained in this study for the five zones are: in which is the hypocentral distance in kilometers. The results of this study are in use in the RSNC‐SGC since September 2018. Before using the equations presented here, the values of local magnitude were previously underestimated for the entire Colombian territory. This work allows the calculation of the local magnitude using the largest attenuation changes in addition to decreasing discrepancies with other magnitude types such as and those calculated by international networks.