Payroll in a different country can be a confusing and time-consuming process. Therefore, many businesses choose to outsource their payroll services. Instead of having an HR department, NNRoad and its local experts will act as the HR department of your company by offering customized solutions for your payroll needs. We will keep you apprised of changes to local employment laws in Egypt and make sure you are fully compliant. NNRoad will assist you with employment contract best practices, statutory and market norm benefits, employee expenses, as well as severance and termination.
- Registering and de-registering the necessary company and personnel information for payroll calculation in the payroll software and system.
- Gathering of monthly mutations and variable compensation information.
- Calculation of gross salary, salary deductions (e.g. tax, social contribution, ER fund, other deductions), and net salary.
- Providing electronic payslip to each employee.
- Payroll Disbursement - Issuing payment invoice to the Company for payroll distribution to employees.
- Payment of social insurance, ER fund, and payroll taxes to local authorities monthly.
- Payroll tax compilation report annually.
- Preparation Form 2 for social insurance authority annually.