APAC payroll newsletter 2023 Vol.3

Keywords: Mazars, Vietnam, Payroll, APAC

Key highlights:

Vietnam

• Personal information of employees is data which must be protected
• Tax Identification number (“ID”)
• Changes to basic salary and insurance contributions
• Calculation of compulsory insurance contribution for foreign currency labour contracts
• Guidance on personal income tax ("PIT")

Australia

• 2023-24 Federal Budget tax & superannuation brief
• Victorian Budget – Tax hikes and tax reform
• National Minimum Wage and Modern Award rates increase announced
• Stay ahead of the curve: Embrace changes to flexible work and unpaid parental leave disputes
• Immediate action required: Changes to employer superannuation rate
• Solutions to workplace health challenges

China

• Individual income final settlement for 2022

Indonesia

• New tax rule on benefits-in-kinds

Korea

• Adjustment in National Pension base salary
• Minimum wage in 2024

Malaysia

• Income tax for resident individual
• New minimum wage

Taiwan

• Temporary relief for Taiwanese citizens abroad: NHI re-enrolment extended amid pandemic disruptions

Thailand

• Employers encouraged to facilitate voting by employees

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