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DECEMBER 8, 2023

Bonuses: Extra compensation provided at special times, like the 13th-month pay, which is mandatory in the Philippines. Statutory Deductions: Social Security System (SSS): Both employers and employees contribute to the SSS, which provides social insurance, including sickness, maternity, and retirement benefits.

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FEBRUARY 11, 2024

Employee Benefits: Employees in Costa Rica are entitled to various benefits, including paid vacation days, sick leave, maternity and paternity leave, and bonuses such as the mandatory Christmas bonus (Aguinaldo) equivalent to one month’s salary.

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APRIL 8, 2024

Here’s an overview of payroll and taxes in Malawi: Payroll Management: Employee Registration: Employers must register their employees with the MRA and obtain tax identification numbers (TPIN) for each employee. The cost of providing these benefits should be factored into the overall compensation package.

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