1 / 11

Compliant Payroll Germany You Need To Know About A Lot

To set up a business in Germany, a company must register with all the applicable tax and the social security authorities. This may include applying for an employer number – an8- digit identifier for the address, name and the economy class of the company – whichis important for hiring the employees and registering them for the health and social insurance. The company should also apply for the statutory accident insurance and the dedicated tax number. It can take about 6 weeks for all these kind of registration info to be completely processed. <br><br>The Employment Law<br><br>Crucial for the successful operations in Germany is to understand the nuances of the employment law of the country. It defines a number of policies regarding the payroll Germany. For example, the law says that all the employees have the option of joining a work council, a union, or a collective labor agreement, which can decide the problems linked with working decisions, wages and working times. The law also defines the min. wages as €8.84/ hour though there are some special cases to this rule depending on the status, age or any other applicable collective agreements of the employee. The employment law of Germany also covers legal entitlement to time off- which is a minimum of 24 working days/year and its max. of 48 working hrs. / Week.<br><br>In this time, the organization should set up bank accounts. Even though it is not compulsory to pay the employees from an in- country account, it is prudent for the employers to have at least one German account where government entities can send any re-imbursement payments. In reconciliation with their local work council and the global or local payroll providers, the organizations should also determine the place, the timing and the form of the pay slips and payments.<br>

PSGermany
Télécharger la présentation

Compliant Payroll Germany You Need To Know About A Lot

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Compliant Payroll Germany You Need To Know About A Lot Tel : +49 (0) 2173 / 2039568, Fax : +49 (0) 2173 / 206963 mail@payroll-services-germany.com

  2. Compliant Payroll Germany You Need To Know About A Lot In case your multi-national organization is growing in the market of Germany, you are in absolute luck! Germany is broadly regarded as being amongst the w orld’s most attainable and convenient environments f or overseas businesses. For confirmation and verification, you can ask the 22 thousand foreign enterprises which have established business in the country and which employ over 2.7 m illion people. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  3. Compliant Payroll Germany You Need To Know About A Lot Being the strongest and the largest economy of Euro pe, Germany is a place which is a lot more stable for new businesses than any other EU country. Along with offering employers access to its well-educ ated and large population, Germany makes it compar atively easier for organizations to set up a business wi thin its borders. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  4. Compliant Payroll Germany You Need To Know About A Lot Even though Germany offers so many benefits for ex panding the global business, there are many complica ted nuances and rules involved in executing and laun ching German payroll as a part of the wider global pa yroll compliance strategy. To ensure that your organization is successful with pa yroll in Germany, (both in the future as well as in pres ent), here are some essential things to know: Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  5. Compliant Payroll Germany You Need To Know About A Lot Beginning To set up a business in Germany, a company must reg ister with all the applicable tax and the social security authorities. This may include applying for an employe r number – an8- digit identifier for the address, name and the economy class of the company – which is im portant for hiring the employees and registering the m for the health and social insurance. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  6. Compliant Payroll Germany You Need To Know About A Lot The company should also apply for the statutory accide nt insurance and the dedicated tax number. It can take a bout 6 weeks for all these kind of registration info to be completely processed. In this time, the organization sho uld set up bank accounts. Even though it is not compulsory to pay the employees f rom an in- country account, it is prudent for the employ ers to have at least one German account where govern ment entities can send any re-imbursement payments. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  7. Compliant Payroll Germany You Need To Know About A Lot In reconciliation with their local work council and the global or local payroll providers, the organizations sh ould also determine the place, the timing and the for m of the pay slips and payments. The Employment Law Crucial for the successful operations in Germany is to understand the nuances of the employment law of th e country. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  8. Compliant Payroll Germany You Need To Know About A Lot It defines a number of policies regarding the payroll Germany. For example, the law says that all the employees hav e the option of joining a work council, a union, or a c ollective labor agreement, which can decide the prob lems linked with working decisions, wages and worki ng times. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  9. Compliant Payroll Germany You Need To Know About A Lot The law also defines the min. wages as €8.84/ hour t hough there are some special cases to this rule depe nding on the status, age or any other applicable colle ctive agreements of the employee. The employment law of Germany also covers legal en titlement to time off- which is a minimum of 24 worki ng days/year and its max. of 48 working hrs. / Week. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  10. Compliant Payroll Germany You Need To Know About A Lot Similar rules govern the associated payment and the maternity leave. As per the maternity protection act of Germany, emp loyers need to give the employees maternity leave & continued remuneration for 6 weeks before the deliv ery and 8 weeks afterwards (twelve weeks after the p remature births or the multiple births). Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

  11. Compliant Payroll Germany You Need To Know About A Lot Along with this, the employees who educate and take care of their own kids can qualify for the parental tim e- this is the time in which their working hours is red uced to 15-30 / week – up to the end of the third yea r of the child. In this parental time, the employers cannot give notic e of termination to the employee. Tel: +49 (0) 2173 / 2039568, mail@payroll-services-germany.com

More Related