Senegal | How to change the default calculation for Social Security

The base calculation of social security within Senegal by default is applied to a cumulative calculation, and in practice can be applied to calculate separately from the company selected tax method.

Three calculation options are available to apply to the company.

The following options are available:

·      None/Nothing is selected – IPRES will calculate based on the annual ceiling / 12 x Periods Worked less the previous month’s ceiling used and compare this to Month-To-Date income paid. Social Security will calculate based on the Year-To-Date Averaging or Month to Date method.

·      MTD Calc Method - A Month-To-Date  calculation for Social Security Income (SOCI), IPRES Income (IPRESI) and Supplementary IPRES Income (SUPIPRESI) is done.

Annual ceiling / 12 x 1 Period Worked compared to Month-To-Date income.

·      MTD Calc Method (annualised in Dec & terminations) - A Month-To-Date calculation is done each month, but if the employee is terminated during the year or if it is December, then an automatic annualisation calculation will be performed for Social Security Income (SOCI), IPRES Income (IPRESI) and Supplementary IPRES Income (SUPIPRESI).

Annual ceiling / 12 x the number of Periods Worked compared to YTD income.

·        YTD Annualised Calc Method - A Year-To-Date annualised calculation is done every month for Social Security Income (SOCI), IPRES Income (IPRESI)  and Supplementary IPRES Income (SUPIPRESI).

Annual ceiling / 12 x the number of Periods Worked compared to Year-To-Date income.

To select a option navigate to: Config > Basic Settings > Basic Company Information > Statutory Fields Tab

      

Select the applicable option from the drop down list provided and select Update.

• Related Articles

• Senegal | How to exclude an employee from Accidents at Work Benefit

  Within Senegal the employer bears a mandatory contribution towards the Accident at Work Benefit (Sécurité Sociale Employeur du Travel) and in instances the company contribution may be exempt if the employee receives only the base of the professional ...

• Namibia: How do I change my Social Security income base?

  You can add the SSC Income Base Override Note Component (SOCIOVR) and define your income base if it is different from the default. Configuration > Payroll > Payroll Components

• Egypt | How to exempt employees from Social security contributions

  The Egypt mandatory Social Security contributions can be exempted under circumstances where the employee contributes towards social securities outside the borders of Egypt. To apply the exemption navigate to Employee > Basic Information > Basic ...

• Egypt | How to exempt Directors from social security contributions

  Within Egypt the option to exempt Directors of a company from the standard social security can be applied by highlighting a Director status. Navigate to Employee > Tax Profile Ensure the employee record tax status field is set to Directors from the ...

• UAE: How do I update Social Security in UAE?

  There are two new note components created in UAE for the Scoial Security. Social Security GCC National Employee Percentage (Tax Code: GCCEE) Social Security GCC National Employre Percentage (Tax Code: GCCER) The Social Security Juristrication must be ...