How to Automate PAYE & Statutory Remittances

Payroll processing in Nigeria involves more than just calculating salaries. It requires the accurate deduction and remittance of Pay As You Earn (PAYE), National Housing Fund (NHF), National Health Insurance Authority (NHIA) contributions, and Employee Compensation Scheme (NSITF) levies.

The Challenge of Manual Remittance

Manual remittance involves:

1. Calculating deductions on spreadsheets.
2. Generating payment schedules for different states (LIRS, FIRS, etc.).
3. Physically visiting banks or logging into multiple portals to make payments.
4. Collecting and filing receipts.

This process is time-consuming and error-prone. A single calculation error can lead to a penalty audit years down the line.

The Solution: Automation

Automation integrates these steps into a single workflow.

Benefits of Automation

• Accuracy: Algorithms eliminate human calculation errors.
• Speed: Remit to all relevant bodies in a few clicks.
• Record Keeping: Digital receipts are automatically stored and organized.
• Compliance: Automatic updates when laws change.

How Sabitax Helps

Sabitax connects directly with remittance gateways, allowing you to pay salaries and remit taxes simultaneously. This ensures that your compliance is never an afterthought.

Start automating your payroll today to free up time for strategic HR tasks.