UPDATE ON SOCIAL INSURANCE CONTRIBUTIONS-MIMIMUM WAGE
Recent legislative changes introduce increases to the National Minimum Wage and adjustments to the maximum emoluments subject to Social Insurance Contributions, effective from 1 January 2026. These measures are expected to have a direct impact on payroll costs, employment arrangements, and overall workforce planning for affected employers.
Businesses are encouraged to review their current employment terms and payroll structures to ensure timely compliance with the new requirements. Proper planning and assessment will help mitigate financial and operational impacts while maintaining alignment with statutory obligations.
Learn more:
Updated-on-Social-Insurance-Contributions-2026.pdf
Insights & Tax Alerts
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