APAC payroll newsletter 2023 Vol.2

The APAC payroll newsletter helps to provide important updates on upcoming changes and amendments to payroll regulations for 2023 to assist with payroll compliance across 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
  • HongKong
    • 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

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APAC payroll newsletter 2023 - Q2