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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.

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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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Avasant Selects Mercans as a Leader in Payroll Business Process Transformation

The meticulous research methodology employed by Avasant included analyzing publicly available information like SEC filings, annual reports, and executive interviews, along with engaging in discussions and market interactions.

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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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
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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
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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
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Mercans Appoints Volodymyr Mazur as Chief Financial Officer

Mercans is delighted to announce the appointment of Mr. Volodymyr Mazur as the Chief Financial Officer (CFO) of our esteemed organization. With a distinguished career spanning over 15 years in finance, Mr. Mazur brings a wealth of experience and strategic vision to...

Dec 11, 2023 2 min read
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Change in Minimum wage for EOBI calculations

Effective from 1 July 2023, the Employee’s Old Age Benefits Institution (EOBI) through notification no. ADLW 8(20)/ICT/2021-325 has amended the minimum wages for unskilled worker ordinance, 1961 from PKR 25,000 to PKR 32,000 monthly wage.

Dec 6, 2023 1 min read
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Mercans: A Leader in Global Managed Payroll – ISG Provider Lens™ 2023

Payroll solutions and services study meticulously assessed 36 vendors across three distinct quadrants, and Mercans proudly emerged as a frontrunner.

Nov 9, 2023 2 min read
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Egypt Income Tax Law Amendment

The Egyptian Parliament has further amended the Income Tax Law No 91 of 2005, as published in the official Gazette dated 01 November 2023, as follows: First tax bracket limit has been increased from EGP 21,000 to EGP 30,000. The 2.5% tax bracket has been re...

Nov 7, 2023 1 min read
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Mercans Welcomes Darwinbox, Microsoft-Backed HCM, to Its Ecosystem

Our pre-built, bidirectional integration ensures seamless flow of employee data, including demographics and pay-related info, from Darwinbox to Mercans’ HR Blizz.

Oct 30, 2023 4 min read
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