2024-05-16 13:43
A Strategic Investment Into Innovation
Introduction
In July last year, Mercans introduced G2N Nova, its third-generation global payroll engine, representing a significant technology upgra… Read More
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Mercans empowers businesses with comprehensive HR and global payroll technology. Our proprietary cloud-based SaaS solution enables SMBs & Enterprise businesses to manage payroll across 160 countries. With 20 years of global payroll expertise, Mercans delivers the full spectrum of HR services through a single, secure global platform.
2024-04-30 13:01
Understand the concept of Anonymous Payroll with the comprehensive insights offered in this eBook.
Explore the fundamental principles that form the foundation of this innovative system, e… Read More
2024-04-04 06:01
The following rates are effective from 6thApril 2024 till 5th April 2025, unless otherwise provided.
New Tax rates and brackets for 2024-25
For Scotland, tax rates are revised:
PAYE tax ra… Read More
2024-04-01 11:02
We are pleased to announce that we have been granted certifications for ISO 27017 and ISO 27018, globally-respected information security standards developed by the International Organi… Read More
2024-03-29 11:38
On the 26th of January 2024 the Court of Appeal rejected the government’s appeal to continue collecting the Affordable Housing Levy. This decision has since been reversed as on t… Read More
2024-03-15 14:21
South African Revenue Services (SARS) issued updated guide for employers in respect of allowances. Effective from 1st March 2024, the thresholds for exemption on allowances are mentioned bel… Read More
2024-03-05 07:22
The social insurance organization (SIO) of Bahrain announced through circular no. (2) of 2024 a new electronic system “Taminat”. The procedure of accessing the new system is upda… Read More
2024-03-04 12:19
The hourly rate for the minimum wage depending on workers’ age or apprenticeship, changes on 1st April every year. From 1st April 2024, workers’ national living wage and apprenti… Read More
2024-02-28 05:07
The fiscal code has been amended through several normative acts. Effective 1st January 2024, the changes below, are applicable for health insurance as per GEO 115/2023 & 296/2023.
Change… Read More
2024-02-27 14:06
The Egyptian parliament on 22nd February 2024, in official gazette approved below changes in the income tax law no. 91 of 2005. These are effective from 1st March 2024.
Changes in tax table… Read More
2024-02-19 11:23
Effective from 01 January 2024, the Omani government through royal decree No. 52/2023 issued the new social security law which replaces existing social security law.
Following table provides… Read More
2024-02-12 13:41
Changes in application of affordable housing levy
The court of appeal on 26th January 2024 rejected the govt. appeal to continue collecting AHL. The matter is in litigation until the hearing… Read More
2024-02-01 12:03
The initiative is launched to make its customers equal stakeholders in its product development journey.
In a move to enhance customer engagement and foster collaboration in product dev… Read More
2024-01-31 05:13
Changes in lower & upper earnings limits
In accordance with the Third schedule of the NSSF Act No. 45 of 2013, the lower earnings limit and the upper earnings limit shall increase year-o… Read More
2024-01-26 12:06
The post Client Success Story: Systra appeared first on Mercans Global Payroll & PEO Read More
2024-01-24 10:26
Launching into the new year with excitement, we’re delighted to unveil new updates to our third-generation Gross to Net Payroll Engine – G2N Nova. This industry-disruptive global… Read More
2024-01-23 08:30
Changes in minimum and maximum insurable earnings
The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pension Regulatory Authority (NPR) has increased… Read More
2024-01-18 13:48
Amendment in income tax rates
The Income Tax, 2015 (Act 896) has been amended through the Income Tax (Amendment) (No.2) Act,2003 (Act No.1111) revising the rates of income tax for resident i… Read More
2024-01-17 11:41
Changes in national insurance contributions rates
Class 1 National Insurance Contribution rates change from 12% to 10% for Category A, F, H, M and V. This applies to earnings from primary th… Read More
2024-01-15 13:00
Personal Income tax (PIT) for youth
The exemption on tax for young people has been increased in 2024.
100% exemption in the first year, with a limit of 40 times the value of the IAS
75% in t… Read More
2024-01-15 12:40
Changes in social security contribution
Effective from 1 January 2024, the Arbejdsmarkedets Tillægspension (ATP) contribution rates are revised for employees who are paid monthly.
A… Read More
2024-01-15 11:45
Changes in social security contribution
Effective from 1 January 2024, the maximum contribution base has been increased from EUR 4,495.5 to EUR 4,720.5 per month. The minimum contribution ba… Read More
2024-01-15 05:08
Changes in threshold for insurance premium
The social security premium is calculated at 30% until the income reaches the established threshold. After that the premium is reduced to 15.1%. Ef… Read More
2024-01-15 05:01
Changes in monthly calculation index (MCI) and monthly minimum wage
As per Article 9 of Law No.43-VIII on the State Budget for 2024 – 2026 dated 5 December 2023, the following changes… Read More
2024-01-12 14:27
Introduction of penalty on G29 report non-compliance
The Finance Act for the year 2024, introduces penalties regarding non-transmission of “G29 annual salary statement” to the ta… Read More
2024-01-12 14:23
Changes in tax reliefs
The applicable forms “TP1” & “TP3” has also been revised in this regard.
TP1 tax reliefsChanges for 2024
Medical treatment, special needs… Read More
2024-01-12 14:16
Changes in minimum monthly wages
The minimum hourly wage is increased by 10%. It is revised from EUR 5.15 to EUR 5.65. The minimum monthly wage (MMW) is revised from EUR 840 to EUR 924.
Chan… Read More
2024-01-12 14:10
Changes in minimum insurance
The minimum insurance income depends on the group of economic activities of the insurer. The minimum insurance income becomes BGN 933, and the maximum insurance… Read More
2024-01-12 13:56
Changes in tax rates for employees
Effective from 1 January 2024, personal income tax rates are amended for Group A segment incomes. The income earned by employees comes under Group A. The r… Read More
2024-01-12 13:51
Effective from 1 January 2024, the Ministry of Labor in Taiwan increased the minimum wage amount from TWD 26,400 to TWD 27,470 monthly and from TWD 176 to TWD 183 on an hourly basis.
The Min… Read More
2024-01-12 12:20
Changes in social security contribution
Following the increase in the minimum wage to € 213.54 per week, Malta’s Commissioner for Revenue has published the social security and mat… Read More
2024-01-12 12:02
Changes in national daily minimum wage
In line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651), the National Tripartite Committee has increased the national daily minimum wage fro… Read More
2024-01-12 11:52
Effective from 1 January 2024, the government of Turkey has increased the Social Security minimum gross wage amount to TRY 20,002.50 and net amount to TRY 17,002.12. The monthly SSI ceiling… Read More
2024-01-11 04:58
The Swedish Parliament (Riksdag) has approved the proposal for the 2024 Budget Bill, which comprises of the below legislation amendments:
New Tax rates and brackets for 2024
Column 1 is used… Read More
2024-01-04 05:53
Change in personal deductions and minimum deductions for 2024
There is an increase in the personal allowance from NOK 79,600 to NOK 88,250. The government has also continued the upper limit… Read More
2024-01-02 11:35
Changes in pension contribution rates
Pension contribution (TyEL)2024 Rate2023 Rate
Minimum monthly earnings68.57 EUR per month65.26 EUR per month
Basic TyEL contribution for contract emplo… Read More
2023-12-30 14:47
Changes in monthly income tax brackets
As of January 1st, 2024, new brackets of income tax will be applicable to salary, retirement payments and pensions. The updated brackets and rates were… Read More
2023-12-27 08:52
In the rapidly evolving world of global business, the choice between cloud-based and on-premise payroll solutions has become a pivotal decision for organizations. As technology advances and… Read More
2023-12-22 11:33
In the dynamic realm of global payroll, Mercans has carved a distinguished path, emerging as a Leader in Avasant’s Payroll Business Process Transformation 2023–2024 RadarView. O… Read More
2023-12-22 08:08
On 19 September 2023, the Dutch Ministry of Finance submitted the 2024 Dutch Budget(Belastingplan 2024) to Parliament. If approved, the below amendments will be implemented effective 1 Janua… Read More
2023-12-18 08:30
Due to implementation of Law No. (14) of 2022, the Bahraini employer social security contribution rate will be increased by 1% effective from 1 January 2024.
The Bahraini employee social sec… Read More
2023-12-18 08:28
The Social Insurance Organization (SIO) of Bahrain announced an increase in the contribution rates of Bahraini citizens employed in the Gulf Cooperation Council (GCC) region, in both the pri… Read More
2023-12-18 08:25
The General Pension and Social Security Authority (GPSSA) has issued a new pension law no. (57) of 2023 for Emiratis joining work for the first time effective October 31, 2023 with any emplo… Read More
2023-12-14 07:31
Changes in minimum net pay
As per “Official Gazette of RS” number 79 of 15/09/2023, the minimum hourly net wage is revised from 230 RSD to 271 RSD per working hour. The revised h… Read More
2023-12-11 07:25
Mercans is delighted to announce the appointment of Mr. Volodymyr Mazur as the Chief Financial Officer (CFO) of our esteemed organization. With a distinguished career spanning over 15 years… Read More
2023-12-06 07:45
Effective from 1 July 2023, the Employee’s Old Age Benefits Institution (EOBI) through notification no. ADLW 8(20)/ICT/2021-325 has amended the minimum wages for unskilled worker ordin… Read More
2023-11-09 08:37
Mercans Solidifies Distinguished Payroll Player Status Through Leader Positioning
We are delighted to announce that Mercans has been honored as a Leader in Global Managed Payroll Services (M… Read More
2023-10-30 05:49
In the ever-evolving landscape of Human Capital Management (HCM) and payroll processing, Mercans takes immense pride in announcing a transformative partnership with Darwinbox, a distinguishe… Read More
2023-10-25 12:42
The post Client Success Story: Deckers appeared first on Mercans Global Payroll & PEO Read More
2023-10-24 11:19
This recognition reaffirms Mercans’ position as a distinguished industry player
For the fifth consecutive time, Mercans proudly secures its position as a Major Contender in the Everest… Read More
2023-10-23 11:38
In the heart of Turkish business, challenges in payroll management demand innovative solutions. At Mercans, we understand the intricacies faced by Turkish enterprises, from complex calculati… Read More
2023-10-05 07:08
The post Client Success Story: Bombardier appeared first on Mercans Global Payroll & PEO Read More
2023-09-26 06:19
Today, we are delighted to announce a groundbreaking collaboration with Infosys (NYSE: INFY), a renowned global outsourcing, business consulting and digital services leader. This strategic p… Read More
2023-09-18 08:51
On August 18, 2023, the Lebanese Ministry of Finance issued a decree to modify the ceiling limits for Sickness and Maternity Social Security.
Starting from September 1, 2023, the monthly thr… Read More
2023-09-12 13:42
Effective from 1 September 2023, the Central Provident Fund Board has amended the additional income ceiling for monthly mandatory contributions.
CPF Ordinary Wage (OW) ceiling limits, the am… Read More
2023-08-15 11:47
Effective from 28 July 2023, the Kenyan Government has lifted the suspension barring the implementation of the 2023 Finance Act.
The Finance Act of 2023 proposed the below changes to take ef… Read More
2023-08-11 07:05
Effective from 25 July 2023, the Omani government through Royal Decree No. 53/2023 issued the New Labor Law which replaces the Old Labor law issued through Royal Decree No. 35/2003.
Please f… Read More
2023-08-10 06:38
HR Blizz earned another notch on its belt when a major B2B software marketplace granted our accounting software a major award.
FinancesOnline, one of the leading software directories today… Read More
2023-07-31 11:56
Effective from 1 July 2023, the Ho Chi Minh City Social Insurance authority with Notice no. 2651/TB-BHXH dated 7 Juy 2023 increased the ceiling amount of salary for payment of compulsory soc… Read More
2023-07-28 00:00
The post Introducing Nova: Gross to Net Pay Engine appeared first on Mercans Global Payroll & PEO Read More
2023-07-27 05:59
Effective from 1 July 2023, the government of Australia has increased the Superannuation Guarantee rate from 10.50% to 11%.
Employers in Australia are mandated to contribute 11% of their emp… Read More
2023-07-26 10:57
Effective from 1 July 2023, the government of Bangladesh has announced amendments to Income Tax law as per below:
Amendment of Tax-exempted amounts
Taxpayer CategoryAnnual Tax-exempted Inco… Read More
2023-07-25 11:42
Upgraded Gross-To-Net Multi-Country Payroll Engine
Introduction
Mercans, has introduced G2N Nova, its third-generation global payroll software. The latest version of our global payroll so… Read More
2023-07-07 11:52
Tax compliance is crucial to payroll management, ensuring businesses adhere to legal requirements and avoid penalties. However, tax compliance can be challenging due to complex regulation… Read More
2023-07-07 07:38
Effective from 1 July 2023, the government of Pakistan has announced new Income tax brackets and rates, as summarized below, along with the previous tax year rates:
Annual Taxable Income
(… Read More
2023-07-04 09:12
Effective from 1 July 2023, the government of Turkey has increased the Social Security Minimum Wage Amount to 13,414.50 TRY Gross and 11,402.32 TRY Net. The monthly SSI Ceiling Amount has in… Read More
2023-06-27 11:13
Navigating the Contractor Classification Landscape
Introduction:
IR35 regulations have transformed the landscape of contractor engagements in recent years. With the introduction of strict… Read More
2023-06-26 10:59
Egypt’s Income Tax Law Amended
The Egyptian Parliament has amended the Income Tax Law No 91 of 2005, as published in the official Gazette dated 20 June 2023, as follows:
Annual Persona… Read More
2023-06-23 07:32
Steve Goldberg Global HCM & HR Tech Advisor
Intro
The payroll function within an organization is now universally viewed as a critical HCM pillar, and not just operationally speaking (a… Read More
2023-06-22 06:33
Payroll Data Breach Affects Employees of British Airways, Boots & BBC
How Mercans Protects Your Payroll Data from Hackers
A recent cyberattack has affected the payroll data of employees… Read More
2023-06-21 07:16
Common Tax Deductions and Exemptions for Businesses
Navigating the complexities of tax regulations is crucial for businesses to maintain financial stability and maximize their profits. In Si… Read More
2023-06-20 14:01
To provide a comprehensive understanding of these effects, let’s explore real-world examples accompanied by relevant statistics below:
BBCIn 2017, the BBC faced controversy over its… Read More
2023-06-06 07:29
Safeguard Your Business from Payroll Fraud with Payroll Data Analytics
Payroll fraud can wreak havoc on businesses, causing significant financial losses. Are you equipped to detect and preve… Read More
2023-06-01 10:50
The government of Lebanon has increased the limit of cost of living allowance to LBP 6,400,000 using modification to Decree number 11226 dated May 26th, 2023.
This is an increase from the pr… Read More
2023-05-25 06:00
The post Client Success Story: Cochlear appeared first on Mercans Global Payroll & PEO Read More
2023-05-22 07:46
In circular 2023/19, dated April 14 2023, the Social Security Institution of Turkey has introduced the procedures and principles of the 5-point SSI premium incentive for employees who have o… Read More
2023-05-18 11:08
How Payroll Companies Should Leverage It
Introduction
In the era of data-driven decision-making, businesses across all industries are recognizing the immense value of analytics. Payroll data… Read More
2023-05-15 13:42
Effective from 3 February 2023, the Kenyan Government has declared the NSSF Act No. 45 of 2013 as constitutional.
The NSSF Act No. 45 of 2013 was passed into law on 24 December 2013. However… Read More
2023-05-10 11:00
In official Gazette No. 17, dated 26 April 2023, the government of Lebanon has amended the limits for the following allowances:
Daily transportation[1] allowance has been amended from LBP 95… Read More
2023-05-09 13:02
On 31 March 2023, the Parliament of Ghana approved the Income Tax (Amendment) (No.2) Bill 20221 which provided for the introduction of an additional top individual income tax bracket with a… Read More
2023-05-03 11:08
As a business owner in Singapore, it is important to understand the various tax incentives and reliefs that are available to you from the Inland Revenue Authority of Singapore (IRAS). These… Read More
2023-05-03 11:02
The Inland Revenue Authority of Singapore (IRAS) is the main tax administrator in Singapore, responsible for the administration and collection of taxes. Tax compliance is essential for both… Read More
2023-05-03 10:59
Overview of IRAS and its Role in Taxation in Singapore
What is IRAS
IRAS stands for Inland Revenue Authority of Singapore, which is the main tax administrator in Singapore. It is a statutory… Read More
2023-05-03 07:10
Fresh from being recognised as Global Leader by NelsonHall and Star Performer by Everest Group, Mercans is proud to announce that it has been nominated in two categories at the Global Payrol… Read More
2023-05-02 10:16
Nigeria Makes Changes to National Housing Fund (NHF) Contributions for Private Sector Employees.
The Nigerian government has amended the National Housing Fund (NHF) Act and exempted private… Read More
2023-05-02 07:13
What it Means for Payroll Clerks and How to Upskill
According to a recent report1 by World Economic Forum, payroll clerks are one of the top 10 fastest-declining jobs in 2023. This news may… Read More
2023-04-26 05:22
The Wage Protection System (WPS) is a digital system implemented in the UAE to protect the rights of employees and ensure compliance with labor laws. The WPS has several key objectives, whic… Read More
2023-04-26 05:18
The Wage Protection System (WPS) is a digital system implemented in the UAE to protect the rights of employees and ensure compliance with labor laws. It is a mandatory requirement for all pr… Read More
2023-04-25 13:32
The Wage Protection System (WPS) is a digital system implemented in the United Arab Emirates (UAE) to ensure that workers receive their salaries on time and in full. It is an initiative by t… Read More
2023-04-18 06:40
The post Client success story: Vodafone appeared first on Mercans Global Payroll & PEO Read More
2023-04-04 16:17
The post Payroll Integration with HR and Finance appeared first on Mercans Global Payroll & PEO Read More
2023-03-30 11:25
As a contractor, understanding the tax and National Insurance Contributions (NIC) implications of IR35 is essential. IR35, also known as the ‘off-payroll working rules,’ was intr… Read More
2023-03-29 10:02
IR35 is a set of tax rules in the UK that affect contractors, freelancers, and self-employed individuals who provide services to clients through an intermediary, such as a limited company or… Read More
2023-03-09 12:03
Effective from 1 March 2023, the South African Government announced the following Amendments to its income tax law:
Under the amendments the below changes have been implemented:
National Min… Read More
2023-02-24 05:29
A Guide to SaaS Technology and Outsourcing Tradeoffs
Steve Goldberg Global HCM & HR Tech Advisor
The What, Why and How of Organizational Agility
Let’s start with a practical defin… Read More
2023-02-23 08:50
What it is, how it works, and how it affects businesses and workers.
IR35 is a term that has been thrown around a lot in the world of business and employment in recent years, and it’s… Read More
2023-02-09 07:43
When it comes to payroll solutions, 66% of payroll professionals and 51% of HR practitioners say their organizations sometimes cut corners. That’s according to a recent study by the Am… Read More
2023-02-08 09:08
Exciting news! Mercans, the global payroll technology leader, is proud to announce the appointment of Pete A. Tiliakos as an independent non-executive advisor to its board. The addition… Read More
2023-02-08 09:01
Wages Protection System (WPS) mandatory for DMCC members
The Dubai Multi Commodity Centre (DMCC) has implemented Wages Protection System (WPS) for its DMCC members and made it mandatory from… Read More
2023-02-07 11:01
Effective from 1 January 2023, the Norwegian Government has announced the following changes:
Income ceilings and rates for the income tax tables have been updated for the 2023 tax year. The… Read More
