APAC payroll newsletter - 2021 Q3

Changes in HR and payroll regulations in APAC are commonplace. In particular, payroll in the APAC region is unique, complex, and varied. Although APAC has much to offer expanding companies, setting up operations can be particularly challenging.

Regardless of the size of the company or the nature of the business, it is important to be aware of these changes. When companies don’t comply with such regulations, they face stiff fines and penalties. To help businesses make proper plans to mitigate risks, our APAC payroll newsletter - 2021 Q3 highlights some new laws that impact companies currently operating or planning to expand in the region.

Key highlights:

Australia
- Expanding superannuation reporting via single touch payroll Phase 2
- Definition and entitlements of casual employees
China
- Social contribution base
Hongkong
- Increase in statutory holidays
Indonesia
- Withholding tax Article 21
Japan
- Minimum hourly wages update
Korea
- Implementation of employment insurance for workers with special types of employment
- Mandatory issuance of payslips
Malaysia
- New initiative by Employees Provident Fund (EPF)
Singapore
- Mandatory retrenchment notifications
Thailand
- Reduction in Social Security Fund contribution