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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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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
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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
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Malta – Changes To Income Tax Tables

The Minister of Finance for Malta delivered the 2025 budget speech. The budget speech proposes the follow tax measures: Tax Table Changes 'Single' / separate computation ‘Married' / joint computation [table id=473 responsive=...

Dec 16, 2024 1 min read
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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
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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
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United Kingdom – Changes To Maternity, Paternity, Adoption Leave And Sick Leave Pay Rates As Well...

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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