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Payroll/HR Alert: China Lowers Social Security Contribution Rates Beginning May 2016, corporations doing business in China can lower their contribution to Pension Insurance, Unemployment Insurance and Housing Provident Funds. The new policy, announced by the China’s Ministry of Human Resources and Social Security, aims to relieve corporate burden and increase employee cash income. According to…

UK Budget 2016 – Impact on HR and Payroll

BlogBy Parijat Das

The 2016 UK Budget: Impact on HR and Payroll UK’s 2016 budget has several guidelines and measures that may impact your UK payroll. Below are some of the main highlights. Income Tax Thresholds. In April 2017, tax-free personal allowance will increase to £11,500 (a £300 increase). The point at which higher earners will start to pay…

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