Navro has launched a new Statutory & Tax service that integrates statutory payments and tax deductions with payroll and pension disbursements.

Based in London, the fintech firm claims this service consolidates both payment and compliance data management into a single workflow to address diverse regulatory requirements across different jurisdictions.

Targeted at payroll and pension administrators as well as Employer of Record platforms, this service enables the handling of workforce-related payments in up to 95 countries through one provider. Navro notes that it already supports payroll disbursements for over 200 multinational organizations and manages cross-border payments for approximately 1,700 pension schemes.

Combining Payroll Compliance with Statutory Requirements

Historically, managing statutory obligations alongside payroll has been a separate process, often necessitating reliance on multiple providers. This separation can complicate operations, especially when dealing with varying income tax regimes and local exemptions. Navro’s new service aims to streamline these processes by integrating them into one payment and reporting workflow.

This integrated approach supports salary, pension, and statutory payments within the same cycle, enhancing transparency and consistency in international payroll operations. The system includes pre-execution validation checks such as global payee verification and supports International Payment Identity (IPI) in over 100 countries.

Payments are routed through local systems where available to minimize failed or delayed transactions and prevent unexpected deductions. Real-time payment status updates, reason codes, and proof of payment documentation are provided for reconciliation and audit purposes. By centralizing statutory and tax payments, Navro claims that businesses can reduce the risk of late submissions and gain better visibility into their compliance activities across markets.

According to Navro, ensuring complete international payroll processes involves aligning payroll, pension, and statutory payments in one cycle. This approach is designed to improve visibility and consistency in operations.

The Statutory & Tax service adds to Navro’s existing capabilities, which already support salary and pension payments in more than 170 countries and 130 currencies.