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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