Below is the list of the tax reliefs for different regions for SeamlessPayroll;
Nigeria:
1. National Health Insurance Scheme (NHIS): Contributions to NHIS can be used as a tax-deductible. The rate varies based on the NHIS policy each employee subscribed to.
2. Voluntary Pension Contributions or AVC: Employees can make voluntary contributions to their pension funds, which are tax-deductible. Employees can contribute up to 20% of their monthly salary to their pension fund. This is in addition to the mandatory 18% (8% employee, 10% employer) pension contribution.
3. National Housing Fund (NHF): Contributions to the NHF can be tax-deductible, with the deduction of 2.5% of the employee's monthly salary.
4. Life Assurance Premium: Premiums paid for life insurance policies are tax-deductible.
Ghana:
1. National Health Insurance Levy (NHIL): Contributions to NHIL may offer some relief, though primarily it's a statutory levy. It is part of the Value Added Tax and are not directly tax-deductible for employees.
2. Voluntary Pension Contributions: Contributions to the third tier of the pension scheme (voluntary personal pension) are tax-deductible, with up to 16.5% of annual salary.
3. Social Security and National Insurance Trust (SSNIT): Employee contributions to SSNIT are tax-deductible, with 5.5% of the employee's gross salary.
4. Life Insurance: Premiums paid on life insurance policies are tax-deductible, with a maximum limit of GH¢ 4,000 per annum.
Rwanda:
1. Rwanda Social Security Board (RSSB) Contributions: Contributions to pension and health schemes through RSSB are tax-deductible.
* Pension Scheme: Employers and employees contribute 3% each of the employee's gross salary.
* Medical Scheme: Employers contribute 7.5% of the employee's gross salary.
2. Voluntary Pension Contributions: Additional contributions beyond the mandatory ones are tax-deductible, usually up to a certain limit set by the tax authorities.
3. Medical Insurance Contributions: Contributions to approved medical insurance schemes can be tax-deductible, though specific percentages or limits depend on the scheme.
Kenya:
1. National Hospital Insurance Fund (NHIF): Contributions to NHIF are tax-deductible. It ranges from range from KES 150 to KES 1,700 per month depending on the employee’s gross salary.
2. Voluntary Pension Contributions: Additional voluntary contributions to registered pension schemes are tax-deductible, up to a maximum of KES 20,000 per month or KES 240,000 per year.
3. Life Insurance: Premiums paid towards life insurance are tax-deductible, up to a maximum of 15% of the premium paid.
4. Home Ownership Savings Plan (HOSP): Contributions to a registered HOSP are tax-deductible, up to a maximum of KES 48,000 per year.