Contact Mercans’ Payroll Outsourcing Team in Egypt for Guaranteed Compliance.
Outsource your payroll in Egypt to Mercans to ensure your compliance with the new social security calculation rules.
Egypt introduces new Social Security contribution basis from July 1, 2018.
Effective from July 1, 2018, Egypt is amending the minimum and maximum amounts used for the calculation of the fixed and variable components of the social security contributions, as follows:
|Social Security Contribution Component||Applicable Wage Types||Monthly Minimum Amount in EGP||Maximum Amount in EGP||Employee Contribution %age||Employer Contribution %age|
|Variable||Basic Salary exceeding the Fixed Component maximum amount and all other wage types||N/A||3,360||11%||24%|
In accordance with the amended minimum and maximum amounts, the social security contributions for an employee earning a total monthly salary of EGP 4,870 or more are calculated as summarized below:
|Contributor||Fixed Component Calculation Base in EGP||Variable Component Calculation Base in EGP||Monthly Fixed Component Employee Contribution in EGP||Monthly Variable Component Employee Contribution in EGP||Total Monthly Social Security Contribution in EGP|
The amended rates will apply to all wages and salaries earned after July 1, 2018 through June 30, 2019.
Contact Mercans’ payroll outsourcing team in Egypt to ensure that your payroll calculations are accurate and compliant.
Mercans is a fully integrated global payroll, PEO and HR services provider. This means that as our client you get access to our cutting-edge global payroll software, local in-country payroll, compliance and HR specialists, and tax and HR advisory service entirely without having to deal with the complexities of setting up local legal entities or in-house payrolls.
If you are tired of dealing with the payroll industry dinosaurs and their outdated and inflexible technology, or with aggregators who simply pass on your data to their subcontractors and divert your calls to an off-shore call center and never seem to have the local knowledge, Mercans is your ideal partner.
Mercans accepts your payroll data, configures calculation rules and generates reports based on your needs and requirements. You will never again have to go through lengthy implementation processes only to find out that you need to change your own side to cope with the limitations of the payroll provider. Our software platform has preconfigured API integration capability with all the major global HRMS platforms, including SuccessFactors, Workday, Oracle HCM, MS Dynamics, and so on.
Our in-country payroll and PEO specialists support you locally when and where you need them. We provide you with practical guidance regarding payroll compliance issues as well as immigration and HR. Never again will you be left hanging, waiting for an answer from a call center. We take care of your business when and where you need it.
Our single contract and software platform approach guarantees that you have the full overview of all of your local payrolls and related costs. You can view and analyze the payroll data in real time and without building expensive reports or data interfaces.
All of Mercans’ systems and processes are GDPR compliant and ISO 9001, 20000 and 27001 certified.
For additional information about Mercans visit https://www.mercans.com/.