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
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
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
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
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
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
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
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
Compliant Payroll Germany You Need To Know About A Lot The law also defines the min. wages as â‚Ź8.84/ 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
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
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