Mercans Official website logo

Mercans Resources Hub

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

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
Take me there

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
Take me there

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
Take me there

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
Take me there

Estonia: Changes in Income Tax, Exempt Compensation, Social Security Ceiling, Minimum Wage &...

Income Tax The income tax rate will increase from 20% to 22%, effective from 2025. Tax-Exempt Daily Allowance for Foreign Business Travel The tax-exempt daily allowance for foreign business travel will increase from EUR 50 to EUR 75, regardless of the destinatio...

Jan 8, 2025 2 min read
Take me there

Tunisia – Payroll Parameter Changes 1 January 2025

Minimum Wage There is significant progress over a short period. In 2024, workers will benefit from a first increase of 7%, applicable retroactively from May 1, 2024. In 2025, a further rise of 7.5% will be introduced starting January 1. The Guaranteed Interp...

Jan 7, 2025 1 min read
Take me there

Mercans Secures SOC Certification for 2024-2025

Mercans is proud to announce the successful achievement of SOC 1 Type II / SOC 2 Type II certification for 2024-2025.

Jan 3, 2025 2 min read
Take me there

Mercans Achieves ISO/IEC 27701:2019 Certification

Achieving this certification confirms that Mercans has established processes for managing personal data and supports customers in meeting their compliance requirements.

Dec 17, 2024 2 min read
Take me there

Spain – Social Security Contributions Changes

Introduction of Solidarity Fee Effective from 1 January 2025, introduction of a new contribution fee- Solidarity Fee will be applicable for income exceeding the annual contribution base, to support pensions. The maximum contribution base remains at EUR 4,720.50...

Dec 16, 2024 1 min read
Take me there

Canada – Change in Income Tax Tables and Benefits Amount

Further details on other personal income tax and benefits amounts  can be found on the Canada revenue agency website.

Dec 16, 2024 1 min read
Take me there

Lithuania – Updates To Minimum Wage, Non-Taxable Amount and SODRA Rate

The Lithuanian parliament has approved the draft Law No XIVP-4225, draft state budget for 2025 and the State Social Insurance Fund Budget for 2025. These laws amends the Personal Income Tax Law and social security contributions. The changes are effective from 1 J...

Dec 16, 2024 2 min read
Take me there

Morocco – Change in Income Tax Tables and Allowances

On October 19, 2024, Morocco’s Ministry of Finance introduced the 2025 draft Finance Law (Projet Loi de Finances, PLF), proposing several significant payroll-related measures: Internship Allowance Exemption Private-sector interns will benefit from a 12-month ...

Dec 16, 2024 2 min read
Take me there