APAC payroll newsletter 2023 Vol.2

The APAC payroll newsletter helps to provide important updates on upcoming changes and amendments to payroll regulations for 2023 to assist with payroll compliance across APAC.

8 May 2023

Key highlights:

Australia
- Fair work amendments
- Government announces plans for $3 million superannuation cap
- The ATO's new work from home deduction rules - practical or onerous?
- Payroll Tax for Medical Centres - An uncertain prognosis
- New flexible work arrangements and your obligations
China
- The extension of the preferential policy for individual income tax
- Y2022 individual income final settlement
Hong Kong
- Repeal of provisions relating to Covid-19 vaccination under employment ordinance
India
- Provisions in the Indian Union Budget 2023-24 affecting payroll calculations
Korea
- Adjustment in National pension base salary (effective from July 2023)
- Adjustment in health insurance base salary and year end settlement (effective from April 2023)