Mercans Official website logo
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.

Take me there

Egypt – Parliament approves changes in tax law effective Mar 2024

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 The threshold for the tax-exempt bracket for annual income has been raise...

Feb 27, 2024 1 min read
Take me there

Oman Announces New Social Security Law

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 the new rates along with monthly ceiling amounts for the different insu...

Feb 19, 2024 1 min read
Take me there

Kenya – Court upholds affordable housing levy on 26 Jan 2024

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 and determination of substantive appeal. The employers are not obliged...

Feb 12, 2024 1 min read
Take me there

Kenya- 2024 National Social Security Fund Changes

Discover Kenya's 2024 NSSF changes: new earning limits of KES 7,000 (lower) and KES 36,000 (upper). Explore the impact on pension contributions in this brief update.

Jan 31, 2024 1 min read
Take me there

Ghana revises the minimum and maximum insurable earnings

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 the maximum insurable earning for 2024 from GHS 42,000 to GHS 52,000. ...

Jan 23, 2024 1 min read
Take me there

Ghana amends income tax rates for resident individuals

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 individuals. The table below shows the annual chargeable income and rate...

Jan 18, 2024 1 min read
Take me there

United Kingdom – Changes in national insurance contributions from 6th January 2024

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 threshold till upper earnings limit. Class 1 National Insurance Contribut...

Jan 17, 2024 1 min read
Take me there

Portugal – Changes in tax for 2024

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 the second year, with a limit of 30 times the value of the IAS 5...

Jan 15, 2024 3 min read
Take me there

Denmark – Social security & tax changes 2024

Changes in social security contribution Effective from 1 January 2024, the Arbejdsmarkedets Tillægspension (ATP) contribution rates are revised for employees who are paid monthly. Changes in taxes Effective from 1 January 20...

Jan 15, 2024 2 min read
Take me there

Spain – Changes in social security contributions for 2024

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 base will continue to be EUR 1,260.00 per month until publication of SMI 202...

Jan 15, 2024 1 min read
Take me there

Russia revises insurance premium, minimum wage, payroll reports, tax withheld period, notificatio...

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%. Effective from January 1, 2024, the threshold is established at RUB 2,225,00...

Jan 15, 2024 2 min read
Take me there

Kazakhstan amends monthly calculation index (MCI), monthly minimum wage, and introduces employer ...

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 are made effective from January 1, 2024. The monthly calculation index has ...

Jan 15, 2024 1 min read
Take me there