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A dedicated space for company news, announcements, blogs, success stories, eBooks, quick guides, compliance updates, statutory alerts, and more—all in one place.

Singapore – Central Provident Fund Ceiling Changes

Changes in CPF ordinary wage ceiling Effective from 1st January 2024, CPF Ordinary Wage (OW) ceiling applicable for mandatory CPF contributions in a calendar month has been increased from SGD 6,300 to SGD 6,800 per month. Additional wage ceiling shall continue ...

Jan 12, 2024 1 min read
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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
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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
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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
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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
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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
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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
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On-Premise vs Cloud-Based Payroll?

Choosing the Right Payroll Solution for Your Business: On-Premise vs. Cloud-Based

Jan 1, 2024 7 min read
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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
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Mercans Named Leader in Payroll Transformation by Avasant

Avasant’s 2023–2024 RadarView™ names Mercans a top performer in payroll business process transformation, spotlighting our innovation, delivery capabilities, and global leadership.

Dec 22, 2023 4 min read
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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
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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
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