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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.

United Kingdom – Changes To Maternity, Paternity, Adoption Leave And Sick Leave Pay Rates, Studen...

The same weekly SSP rate applies to all employees. However, the amount you must actually pay an employee for each day they’re off work due to illness (the daily rate) depends on the number of ‘qualifying days’ they work each week.

Dec 16, 2024 1 min read
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Taiwan – New Minimum Wage Impacting Insurance Grade Tables For Social Security Contributions

Changes in tax rates for employees Effective from 1 January 2025, the Ministry of Labor in Taiwan increased the minimum wage amount from TWD 27,470 to TWD 28,590 monthly and from TWD 183 to TWD 190 on an hourly basis. The Ministry of Labor has amended the follo...

Dec 16, 2024 2 min read
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South Korea – Non-taxable and Year End Adjustment Changes

Aboard salary income for Sailors of foreign ships and deep-sea fishing ships and overseas construction workers non-taxable limitation is increased from KRW 3,000,000 to KRW 5,000,000. 

Dec 16, 2024 2 min read
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Malaysia – Update on Specification for Monthly tax deduction (MTD) calculation

The Inland Revenue Board of Malaysia (IRBM) has introduced important updates to the Monthly Tax Deduction (MTD) system for 2025, aimed at providing greater tax relief and simplifying employer compliance.

Dec 10, 2024 2 min read
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Cyprus – Changes in Maximum Insurable Earnings

The Employers & Industrialists Federation (OEB) informs all its members that, according to information from the competent Social Insurance Services, the Maximum Insurable Earnings

Dec 10, 2024 1 min read
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Austria – Change in Income Tax Tables and Allowances

The Progression Compensation Act 2025 introduces several key changes to Austria's Income Tax Act 1988, focusing on adjusting thresholds, allowances, and simplifying certain taxation processes.

Dec 10, 2024 1 min read
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Egypt – Increase in Social Security Contribution Bases

Effective from 1 January 2020, the government of Egypt announced that the monthly social security minimum and maximum contribution base amounts will increase on an annual basis until the tax year 2027.

Dec 10, 2024 1 min read
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Ukraine – Military Tax Rate and Minimum Wage Changes

On November 28, 2024, the President of Ukraine signed Law No. 4015-IX, also known as Draft Law No. 11416-d, introducing significant amendments to the Tax Code. These changes, effective December 1, 2024, with some provisions starting January 1, 2025

Dec 6, 2024 2 min read
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Singapore – Changes to CPF Ordinary Wage Ceiling and Contribution Rates

Effective from 1 January 2025, the CPF Ordinary Wage ceiling, which sets the monthly limit on Ordinary Wages attracting CPF contributions, will be increased from $ 6,800 to $8,000 per month in line with the transitional table.

Dec 6, 2024 1 min read
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Changes in Tax Rates for November and December 2024

The Portuguese Tributary and Customs Authority has published new withholding tax tables for the “Azores”, “Mainland” and “Madeira” regions, effective 1 November 2024 to 31 December 2024.

Nov 11, 2024 1 min read
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Kenya – Social Health Insurance Fund (SHIF) to replace National Health Insurance Fund (NHIF)

The Appellate Court's recent ruling enables the Government to implement the Social Health Insurance Act no. 16 of 2023. This law replaces the National Health Insurance Fund (NHIF) with the Social Health Insurance Fund (SHIF). Effective 01 October 2024, the old N...

Oct 18, 2024 2 min read
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Mercans Unveils Next Generation of G2N Nova with Enhanced Anonymous Payroll Features

We are delighted to announce path-breaking advancements to our industry-leading G2N Nova payroll SaaS platform here at Mercans.

Oct 14, 2024 2 min read
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