Manufacturing is a critical component for many product-focused businesses around the world. This list of the top 10 manufacturing countries in the world will give you an idea of where other companies outsource their production needs.
As global compliance experts, Global Upside has been providing relevant news and updates on recent country regulations. With so much going on around the world, it can be easy to get lost in the barrage of information.
Many companies trust their team of lawyers to handle the incorporation and setup of their businesses overseas. But lawyers can only do so much. Usually, lawyers can only incorporate a business but are unable to register the newly formed business for various taxes, etc. and are surely unable to set up the payroll and HR side of things.
In Northwestern Europe, various new labor laws have been implemented, and notable amendments have been made to those already in effect.
As global expansion and virtual workforces become more common, businesses want to know the top countries with the highest corporate tax rates.
The Czech Republic has introduced several changes in insurance, UBO, and reporting policies for the year of 2021. As of January 1st, 2021, the income base amount for health insurance contributions has been raised by CZK 500. The threshold for health insurance participation which had been previously set at CZK 3,000 is now at CZK 3,500.
Government officials in Brazil have introduced the “Balcão Único” initiative, streamlining the incorporation process for companies. With this new system in place, companies will be able to save time and money in efforts toward getting their business up and running.
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.