Accounting

SALARY AND SALARY ACCOUNTING

Premiums of the statutory social insurances can be deducted from 50% to 100% of the gross salary.


Premiums of the daily benefit insurance can be deducted up to 100% from the gross salary.


It is also possible that the employer pays 100% of the premiums for the non-workplace accident and the daily benefits insurances.


Foreign workers without residence must deduct the source tax from their salary.


In addition to the monthly salary accounting for every employee, a journal with the cumulative salary accounting has to be compiled; this contains the necessary information for the salary statement and the yearly social insurance statements of the business.