Budget projections for the year of 2021 were delivered in Singapore on the 16th of February. For the 2021 budget, core rates such as corporate tax rate, GST rates, and personal income tax rate will remain as they are.
The 2021 UK budget was presented to parliament in early March. The budget will continue to incorporate allocations to various coronavirus support measures.
For the year of 2021, several changes have been implemented into employee leave and social security policies in Switzerland.
The economic employer concept has been implemented in Sweden for the year of 2021, for both Swedish and non-Swedish employees.
New provisions have been proposed by the Social Affairs and Employment Ministry, which directly impact social security contribution rates for 2021 in the Netherlands.
As of January 1st,2021, government officials have issued an executive order posing a higher minimum wage rate in the Czech Republic.
The State Taxation Administration (STA) of China have released a report of eligible regions where qualifying taxpayers may utilize electronic VAT special invoices.
With the intent to aid both employees and employers during the COVID-19 pandemic, a new decree, “Ristori-bis,” has been implemented by government officials in Italy.
Canadian government officials have introduced several new provisions for the year of 2021, including a new employee stock option tax structure, and new leave options.
Various provisions have been implemented in Australia for 2021 which have set-forth updated structures for tax, leave, and hiring restrictions.