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

Mercans Launches Customer Advisory Board

The initiative is launched to make Mercans' customers equal stakeholders in the product development journey.

Feb 1, 2024 3 min read

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

Client Success Story: Systra

Systra achieved exceptional competitiveness in the Saudi Arabian market through Mercans' strategic HR solutions, transforming operations and reaching business goals.

Jan 26, 2024 3 min read

World’s First Global Gross to Net Payroll Engine

Mercans presents upgrades to its Stateless, 100% independent payroll engine, G2N Nova, that eradicates all data security and privacy concerns forever.

Jan 24, 2024 5 min read

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

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

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

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

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

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

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