APAC payroll newsletter 2024 Vol.4
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APAC payroll newsletter 2024 Vol.4
Our APAC payroll newsletter helps provide important updates on the latest regulatory changes and best practices that have influenced payroll operations in the APAC region over the past quarter. Our commitment is to keep you well-informed and empowered in navigating the evolving payroll sector.
Key highlights:
- Australia
Australian employment dream, foreign employer’s potential tax nightmare
- China
Reminder on the “Six-Year Rule” and its implications for expatriates
- Hong Kong
No recent regulatory updates in Hong Kong to report in this edition
- India
Payroll updates from the July budget affecting salary calculations
- Indonesia
No recent regulatory updates in Indonesia to report in this edition
- Japan
Minimum hourly wages update
- Korea
Revised laws for promoting work-life balance
- Malaysia
Increase in wage ceiling for Social Security Organisation (“PERKESO”) monthly contributions
Minimum wage order 2024
- Philippines
Holidays in the Philippines in 2025 and guide to holiday wages
- Singapore
Changes to CPF Ordinary Wage ceiling
- Taiwan
Minimum wage increase in 2025
- Thailand
Increasing the tax deduction for investors in Thai ESG mutual funds
Tax measures to encourage skilled Thais working abroad to return and contribute to Thai national growth
- Vietnam
No recent regulatory updates in Vietnam to report in this edition
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