Income Tax
Personal income-tax withholding and calculation for payroll.
Mexico's fondo de ahorro: how the savings fund match works and when it is tax-exempt
A fondo de ahorro is a savings fund in which the worker sets aside part of each payslip and the employer deposits the same amount. The Mexico savings fund benefit is one of the country's most common prestaciones…
Niko Nurmentaus
Product Lead
Portugal's subsídio de férias and subsídio de Natal: the 14-payment year and how each payment is taxed
A Portuguese employee on €1,500 a month is paid €21,000 a year, not €18,000. The difference is the subsídio de férias (holiday subsidy) and the subsídio de Natal (Christmas subsidy), often called the 14th and 13th month…
Niko Nurmentaus
Product Lead
How German wage tax is calculated: Lohnsteuer from gross to net
Lohnsteuer (German wage tax) is a prepayment of the employee's annual income tax (Einkommensteuer), not a flat percentage of gross pay. Each month the employer withholds an estimate of the annual income tax and remits…
Mehmood Deshmukh
CTO & Co-Founder
How Polish Income Tax Is Calculated on a Payslip: PIT From Gross to Withholding
Polish income tax, PIT (podatek dochodowy od osób fizycznych), is a progressive tax with only two rates, which makes it look simpler than it is. The rate table is the easy part. What actually determines the number…
Mehmood Deshmukh
CTO & Co-Founder
How Portuguese Income Tax Is Calculated on a Payslip: IRS From Gross to Withholding
Portuguese income tax, the IRS (Imposto sobre o Rendimento das Pessoas Singulares), is progressive, but the amount an employer withholds each month does not come from applying the progressive brackets directly. The…
Mehmood Deshmukh
CTO & Co-Founder
