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Jan 18, 2022 4 min read

The Power of Data Lakes

Solving your global payroll challenge Payroll cannot work without accurate and timely HR data. Yet, getting HR data obtained from various sources directly into payroll software has been a challenge for decades.

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Thailand – Employee Welfare Fund, Assistance Resignation/Death employee, Tax Allowance and Daily ...

Employee Welfare Fund Starting from 1 October 2025, Thailand will launch an employee welfare Fund. Below is detailed information. Companies with at least 10 employees have to register to this fund. The employer has to deduct their employee salary and also ...

Jan 20, 2025 2 min read
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Serbia – Social Security Monthly Contribution Basis and Non-Taxable Amount Changes

Social Security Monthly Contribution Basis In accordance with Article 37 of the Law on Contributions for Mandatory Social Insurance, the lowest base (RSD 45,950) and the highest base (RSD 656,425) have been published. The basis amount is effective from 1 Januar...

Jan 20, 2025 1 min read
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Finland – Changes To Health Insurance and Unemployment Contribution Rates

Changes To Health Insurance and Unemployment Contribution Rates Changes in health insurance contribution rates Employers are required to pay health insurance contributions for employees aged 16 to 67 who are covered by the Finnish social insurance system under th...

Jan 15, 2025 2 min read
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Romania – Minimum Wage, Guarantee Gross Minimum Base and Tax Benefit Changes

Minimum Wage According to Official Gazette, Part I, No.1185/28.11.2024, Romania's national gross minimum base salary guaranteed in payment is set at RON 4,050/month from RON 3,700/month for standard work schedules, effective from 1 January 2025. Guaranteed Gross ...

Jan 15, 2025 2 min read
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Netherlands – Changes to Social Security Rates, Minimum Wage, Income Tax Rates and Credits

Changes to Social Security Rates, Minimum Wage, Income Tax Rates and Credits On Tuesday 17 December 2024, the Dutch Parliament voted in favour of the Tax Plan 2025 and the other bills presented on Budget Day. The Tax Plan and other bills propose the following chan...

Jan 15, 2025 2 min read
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Sweden – Changes to Price Base Amount and Income Tax Rates

Changes to Price Base Amount and Income Tax Rates Sweden has published new regulations establishing the 2025 national tax threshold for individuals, price base amount, one-time tax tables and threshold for expert tax. National tax threshold The national tax thr...

Jan 15, 2025 3 min read
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Philippines – Changes to Social Security Contributions

Change In Social Security System Contribution The Social Security System issued circular no. 2024-006 introducing new Social Security System contributions for 2025. The following changes are effective from 1 January 2025: Increased total contribution rate (e...

Jan 15, 2025 1 min read
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Turkey – Payroll Parameter changes – 1 January 2025

Social Security Minimum Gross Wage Effective from 1 January 2025, the government of Turkey has increased the Social Security minimum gross wage amount to TRY 26,005.50 and net amount to TRY 22,104.67. The monthly SSI ceiling amount has increased to a gross amount ...

Jan 10, 2025 1 min read
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Malta – Tax Table and Social Security Changes

The Minister of Finance for Malta delivered the 2025 budget speech. The budget speech proposes the following tax measures: Tax Table Changes 'Single' / Separate Computation ‘Married' / Joint Computation [table id=473 responsi...

Jan 8, 2025 2 min read
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Colombia: Minimum Wage, Social Security & UVT Changes – 1 January 2025

On December 26, 2024, the president of Colombia decreed an increase of 9.54% in the minimum wage. As such, the following minimum wages will be applicable, effective January 1, 2025. Minimum salary - COP 1,423,500 Transportation allowance - COP 200,000 In...

Jan 8, 2025 1 min read
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Costa Rica – Changes in Tax Brackets and Tax Credit

Changes In Monthly Income Tax Brackets As of January 1st, 2025, new brackets of income tax will be applicable to salary, retirement payments and pensions. The updated brackets and rates were published in Executive Decree No. 44772-H, in the national newspaper La G...

Jan 8, 2025 1 min read
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Kenya – Amendments to PAYE Computation Pursuant to the Tax Laws

The Kenya Revenue Authority (KRA) has issued a public notice outlining changes to the PAYE (Pay As You Earn) computation as per the Tax Laws (Amendment) Act, 2024, effective December 2024. The key changes are as follows: Amounts Deductible in Determining Taxable E...

Jan 8, 2025 2 min read
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