Payroll Incentives has been saved
Solutions
Payroll Incentives
Effective use of available reductions and exemptions
Federal and regional governments have taken various actions to reduce employment cost for targeted employee populations and employment sectors. Each scheme has been specifically designed and implemented to reduce employer costs.
These incentives can be claimed through a partial exemption on the payment of withholding taxes or a reduction on employer social security contributions.
Challenges |
Deloitte approach |
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The payroll incentives landscape has become more complex. The increased focus by the authorities is resulting in a more structural audit approach. Difficulties that companies encounter:
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With a dedicated team comprising consultants in the field of social security, withholding taxes and technology, as well as legal profiles, we help companies ensure compliance and enable them to benefit from the cost-saving measures to which they are entitled. Deloitte follows a specific methodology with the use of various tools for (big) data analytics. We ensure timely handling, in depth analysis and correct saving measure calculation, liaison with payroll agency for implementation purposes, and provide the possibility for knowledge transfer to the HR team. We also focus on preventive and reactive audit support. |
Key areas
Feasibility study |
Assistance with implementation |
Audit support |
Analysis of gathered information based on checklists and proven experience in identifying potential employment cost saving measures. | Calculation of incentives and coordination with payroll agency and/or HR & Payroll department (including for past periods). Including guidance and support to build up documentation. | Preventive action: Stress-test to identify and quantify risks and remediation measures to improve reliance and secure the payroll incentives. Response to Audit: technical support during audit, including discussions with the authorities. |