Malta revises social security and maternity fund contribution rates for 2024

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 maternity fund contributions for 2024 tax year. Class 1 categories and rates are ment...

Jan 12, 2024 1 min read

Ghana revises national daily minimum wage for 2024

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 from GHS 14.88 to GHS 18.15 effective from 1st January 2024. All establish...

Jan 12, 2024 1 min read

Turkey announces 2024 payroll parameters

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 amount has increased to a gross amount of TRY 150,018.90. Please find th...

Jan 12, 2024 1 min read

Sweden changes tax and social security rates from 1st Jan 2024

Stay informed about Sweden's 2024 Budget Bill changes: updated tax rates, income brackets, and the removal of reduced employer contributions for young individuals.

Jan 11, 2024 1 min read

Norway Tax and Social Security Updates 2024: New Rates, Deductions, and Allowances

Explore updates on personal deductions, minimum deductions, new tax rates and brackets, reduced social security contributions, and changes in tax-free allowances.

Jan 4, 2024 2 min read

Finland revises social security contribution rates

Stay informed about the latest updates in Finland's social security contributions for 2024. Explore changes in pension rates, health insurance contributions, and unemployment insurance rates.

Jan 2, 2024 1 min read

Costa Rica new brackets of income tax effective from 1 January 2024

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 published in Executive Decree No. 44276-H, in the national newspaper La G...

Dec 30, 2023 1 min read

Netherlands 2024 Statutory Amendments

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 January 2024: The rate for tax-free travel allowance is currently EUR 0.21 pe...

Dec 22, 2023 2 min read

The Kingdom of Bahrain – Social Security Contribution Rate

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 security contribution rate and unemployment insurance rate will remain unch...

Dec 18, 2023 1 min read

The Kingdom of Bahrain – Social Security Change

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 private and public sectors. Effective January 2024, the employer contributi...

Dec 18, 2023 1 min read

GPSSA introduces a new pension law

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 employer affiliated with the GPSSA. Entities affiliated with the GPSSA includ...

Dec 18, 2023 2 min read

Serbia revises minimum net pay, non-taxable amount and social security base

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 hourly net wage shall also be applicable for arrear payments. Ch...

Dec 14, 2023 1 min read