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13th month
A thirteenth salary, or year end bonus.
In many countries across Europe and Asia, it is mandatory to issue what is known as the thirteenth salary, or year end bonus. In some other countries it is customary but not mandatory. It is an extra payment that is usually equal to an extra month’s wages and is paid out in December each year, however in some instances it can be paid out bi-annually, quarterly, or even over the course of the year in addition to the individual’s regular pay. It is taxed alongside the employees regular income although in some cases it may be taxed at a lower rate.
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At RemotePass, we offer a robust platform to help with today’s world of work. From hiring new employees to onboarding, managing global payroll, and staying on top of a remote team—we help with it all!
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Cutoff date
The cutoff date is the last day within the payroll cycle.
Performance review
A formal assessment in which a manager evaluates an employee’s work performance.
Payroll Taxes
Payroll taxes are taxes directly related to work.
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RemotePass has been very helpful as it streamlines the payment process to our consultants, with a simple 2 to 3 clicks the job is done. It is effortless and straightforward to use. The most important thing is that It eliminates any compliance risks we might face, and the lengthy verification process. Overall the system is excellent, and I would recommend it to other organizations.
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Our work with RemotePass is a partnership based on trust and credibility we are proud to have. With RemotePass services, onboarding and payroll for our global team is well managed and our employees feel safe and cared for.
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