APAC payroll newsletter 2023 - Q2

8 May 2023 

Keywords: Mazars, Vietnam, Payroll, APAC

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)

Singapore

• New complementarity assessment framework (COMPASS) for employment pass applications
• Changes to the CPF salary ceilings