Payroll processing and social security administration

Payroll processing and social security administration

The Payroll service is based on the payroll Module, which processes different types of payroll, such as:

  • Preparation of payroll in strict compliance to the regulations in force established by the legislation in social security, tax and labour matters in the country.
  • Calculation of the withholdings of Law (income from work)
  • Thirteenth month Vacation
  • Pre-prepared monthly form of the Nicaraguan Institute of Social Security (INSS)
  • Annual Income Tax Report
  • Proof of payment in cash or with a PIN card
  • Calculation of payroll liquidations (indemnity), applying modifications of Law 44 of the Labor Code)
  • Registration of the company to the INSS
  • Registration of employees to the INSS
  • Treasury management for the payment of labor income before DGI, INSS and INATEC invoices

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Félix Ramirez

Business Services & Outsourcing Senior Manager
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