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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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Ukraine – Military Tax Rate and Minimum Wage Changes

On November 28, 2024, the President of Ukraine signed Law No. 4015-IX, also known as Draft Law No. 11416-d, introducing significant amendments to the Tax Code. These changes, effective December 1, 2024, with some provisions starting January 1, 2025

Dec 6, 2024 2 min read
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Singapore – Changes to CPF Ordinary Wage Ceiling and Contribution Rates

Effective from 1 January 2025, the CPF Ordinary Wage ceiling, which sets the monthly limit on Ordinary Wages attracting CPF contributions, will be increased from $ 6,800 to $8,000 per month in line with the transitional table.

Dec 6, 2024 1 min read
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Changes in Tax Rates for November and December 2024

The Portuguese Tributary and Customs Authority has published new withholding tax tables for the “Azores”, “Mainland” and “Madeira” regions, effective 1 November 2024 to 31 December 2024.

Nov 11, 2024 1 min read
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Kenya – Social Health Insurance Fund (SHIF) to replace National Health Insurance Fund (NHIF)

The Appellate Court's recent ruling enables the Government to implement the Social Health Insurance Act no. 16 of 2023. This law replaces the National Health Insurance Fund (NHIF) with the Social Health Insurance Fund (SHIF). Effective 01 October 2024, the old N...

Oct 18, 2024 2 min read
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Mercans Unveils Next Generation of G2N Nova with Enhanced Anonymous Payroll Features

We are delighted to announce path-breaking advancements to our industry-leading G2N Nova payroll SaaS platform here at Mercans.

Oct 14, 2024 2 min read
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Ireland – Budget Statement Changes 2025

On 1 October 2024, the minster of Ministers for Finance and Public Expenditure, NDP Delivery and Reform presented the 2025 budget statement. The following changes have been announced and are due to take effect from 1 January 2025.

Oct 7, 2024 2 min read
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Malaysia – Increase in Salary Ceiling for SOCSO & EIS Contributions

Malaysia's Ministry of Human Resources, through the Social Security Organisation and Employment Insurance System Act 2017 (also known as SOCSO and EIS) enforced a new salary ceiling for contribution purposes, effective 1 October 2024.

Oct 3, 2024 1 min read
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Turkey – Cancellation of Incentive Pay on EYT pension and increase in short-term insurance rate

On 02 August 2024, Turkey made announcement to cancel the incentive pay on EYT (Emeklilikte Yaşa Takılanlar) pension and increase the short-term insurance rates.

Sep 26, 2024 1 min read
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Ireland – Increase in PRSI contribution rates

As announced in the 2024 Budget, all PRSI rates will increase by 0.1% for both employer and employee contributions.

Sep 26, 2024 1 min read
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Mercans Secures Leader Status in Global Managed Payroll Services – ISG Provider Lens™ 2024

Mercans emerged as a Leader in this comprehensive evaluation, highlighting our robust market presence, innovative solutions, and our ability to deliver comprehensive payroll technology solutions globally!

Sep 18, 2024 3 min read
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Portugal – Changes in tax rates for September and October 2024

The Portuguese Tributary and Customs Authority has published new withholding tax tables for the “Azores”, “Mainland” and “Madeira” regions, effective 1 September 2024 to 31 October 2024.

Sep 13, 2024 1 min read
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New Income-tax Slab Rates, New Deduction Limits and Employer Contribution Rates

On the 16th of August 2024, the President of India approved the 2024/25 Budget. The budget was presented by the Finance Minister on the 23rd of July 2024. The Budget introduces new Income-tax slabs, rates, new deduction limits and employer contribution rates.

Aug 29, 2024 1 min read
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