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You also need to understand whether the taxes are paid by the company, the employee or both. In my country the company pays around 10% of the gross salary in ta
by fy20 4y ago
You also need to understand whether the taxes are paid by the company, the employee or both. In my country the company pays around 10% of the gross salary in taxes, and the employee pays 40%.
- namdnay 4y agoThe distinction between company and employee payroll taxes is completely artificial. The only thing that matters is that the company pays X and the employee gets Y
- frozenport 4y agoYeah so European employers talk of "gross" pay.
- tilolebo 4y agoNet: what the employee gets on their bank account Gross: net + employee contributions Total payroll cost: gross + employer contributions