Global Updates – October 2022 Global updates – a quick glance Australia: Superannuation guarantee contributions rate increased from 10% to

UK reverses several tax-cut measures announced in Action Plan 2022 In September 2022, the former UK Chancellor of the Exchequer,

Global updates – a quick glance Argentina: Brazil: Canada: China: Colombia: Finland: France: Germany: Hong Kong: India: Indonesia: Ireland: Italy:

Currently, Shanghai has the highest monthly average wage among 31 provinces (RMB 11396/US$1685 per month). Eight regions – Shanghai, Guangdong, Beijing, Tianjin,

Newsletter – April 2022 Global updates – a quick glance Argentina: Australia: Canada: China: Colombia: Czech Republic: Czech Republic extends the paternity

Small Size VAT Taxpayer Preferential Policy On March 24, 2022, the MOF and the STA issued a new announcement on “Exempting small-scale

Poland introduced mandatory E-invoicing from the year 2023 Poland has introduced the new National System of e-Invoices (Krajowy System E-faktur or

Finance Act – 2022 – Highlights Indian Finance Minister Ms. Nirmala Sitharaman presented India’s budget for the year 2022–23 in

Increase in Minimum wages from NIS 5,300 to NIS 6,000 by 2025 Ministry of Finance announced on December 15, 2021,

Ontario proposes Beneficial Ownership Regime effective from January 1, 2023 On November 4, 2021, the Minister of Finance of Ontario has

Slovakia implementing new e-invoicing system – “Informačný Systém Elektronickej Fakturácie (“IS EFA”) Slovakia is set to join countries implementing e-invoicing. E-invoicing

UK Budget (Spring Statement) 2022 – Highlights The Chancellor of the Exchequer presented the United Kingdom (UK) Budget (Spring Statement)2022

Hong Kong Budget 2022-23 Highlights The Finance Secretary of Hong Kong, Paul Chan presented the Budget for 2022-23 on February

Singapore Budget 2022 – Highlights On February 18, 2022, the Finance Minister, Lawrence Wong delivered the budget speech for the year 2022.

Effective from October 1, 2021, new VAT reverse charge rules are introduced regarding the determination of the tax base for

The employer-employee relationship in the Dubai International Financial Centre (“DIFC”) is regulated by the laws of the DIFC. DIFC Authority

The Ordinance on Implementation of E-Invoicing and E-Reporting Requirements was published on September 15, 2021. The requirements will apply from: The same

Currently,  the Act on the Promotion of Female Participation and Career Advancement (“APFPCA”) obliges employers with more than 300 regular employees