APAC payroll newsletter 2022 Vol. 2

Many companies are attracting a borderless workforce and expanding operations into new countries. It is clear that APAC is particularly inviting to multinational corporations seeking expansion. With APAC expansion comes the need for an APAC payroll. Getting a widespread workforce paid correctly, on time, and in the right currency is a big challenge faced by many businesses of all sizes.

Keywords: Mazars, Vietnam, Payroll, APAC

19 July 2022

To minimize these challenges, Our APAC payroll newsletter provides important information on how to ensure compliance on an international scale and helps businesses gain comprehensive insights into the business landscape across APAC.

Key highlights:

Australia

Fair Work Commission releases National Wage Case decision for 2022
Single touch payroll expansion – changes employers need to prepare for
The Superannuation guarantee will increase from 10% to 10.5% from 1 July 2022
10 days paid domestic and family violence leave
Tax deductibility and FBT treatment of Covid-19 test expenses

China

Social contribution payment deferred
Refund unemployment fund
One-time subsidies

Hongkong

Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022
Employment (Amendment) Ordinance 2022: Sickness allowance and employment protection under anti-epidemic measures

Japan

Paternity Leave

Korea

Increase in minimum wage

Malaysia

Employee Provident Funds (EPF)

Philippines

DOLE mandates the submission of an Annual Report on Wages to all private establishments
Alien employment in the Philippines update: DOLE Department Order No. 221-A series 2022 explains guidelines on agent accreditation
ECC mandates employers give compensation to Covid-19 effected employees
Philhealth new payment and reporting procedures for an Employer
Wage Boards to grant minimum wage increase to NCR and Western Visayas Regions

Thailand