Accounting basics for beginners (payroll calculation)

Programme

Regulatory legal acts governing payroll and deductions from wages

Main terms used in payroll

Concept and types of wages

General provisions and principles of organising payroll accounting

What labour is:

Subjects of employment relations; what an employment contract is; term of the employment contract; documents required to conclude an employment contract

How the employment contract differs from other types of contracts

Remuneration

Remuneration systems; procedure and timing of wage payment; deductions from wages; taxation of wages

Payments included in and excluded from the payroll fund

Cumulative recording of working time (shift work, work shift, rotation)

Rates and tariffs applied under cumulative recording of working time

Shift work. Night work, work on public holidays and days off. Overtime

Payment for night work and work on public holidays and days off. Pay under the rotational method. Payment for overtime

Taxation of foreign employees

Resident and non-resident for tax purposes

Permanently residing, permanently staying, temporarily staying

Procedure for confirming residency of the Republic of Kazakhstan

Calculating, withholding and remitting taxes and mandatory payments from income: mandatory pension contributions, mandatory occupational pension contributions, employer's mandatory pension contributions, health insurance contributions and deductions, social contributions, individual income tax and social tax

Which income is subject to taxes and social payments

Specifics of calculating employer's mandatory pension contributions

Adjustments and exemptions under the Tax Code of the Republic of Kazakhstan

Average wages

Unified rules for calculating average wages

In which cases average wages are calculated

Which amounts are included in the average wage calculation

Practical examples