New Rule Update: Secondment of Employees to Italy On August 10, 2016, the government of Italy announced a decree implementing EU Directive 2014/67/EU into the local law. This specific legislation deals with the new rules on secondments of employees to Italy. The new legislative decree came into full force on December 26, 2016. With this,…
5 Emerging HR & Talent Acquisition Trends Today we live in a world where technology not only does things for us but also provides recommendations on what to do next. From recruiting talent to managing and motivating them; success depends on keeping pace with the technology trends and preparing HR teams to build state of the art talent strategies. Here are the…
New US Tax Filing Deadlines 2017 There are a few new tax filing deadlines for 2017, the first change in three decades. The new due dates – ones the AICPA and state CPA societies have been advocating for years – are aimed at creating a more logical flow of information to help tax professional file…
5 Accounting Updates for Public Companies From time to time, the Financial Accounting Standards Board (FASB) suggests new rules to improve and reduce the complexity in accounting standards. Some of these changes impact all business entities that use GAAP. The latest updates have few important consequences for public companies. Here are the top five changes…
Germany Raises Minimum Wage in 2017 An independent wage commission in Germany has raised the minimum wage in the country. After careful deliberations on the wage index, the commission has recommended a four percent increase in the minimum wage. The revised wage has increased by 34 cents to 8.84 Euros from the earlier 8.5 Euros per hour. The German Cabinet…
Do you have employees in Singapore? Learn about Social Security, Statutory Leaves, and Recent Employment Act changes The Employment Act is Singapore’s primary labor law and provides the necessary terms and conditions at work for employees covered by the Act. All employees working under a contract of service are covered except managers, executives with a monthly basic salary…
5 Questions to Ask When Paying Employees Paying employees in local currencies is one of the most expensive yet most overlooked issues for global companies. Without careful planning, you could end up paying thousands of dollars in exchange rates and bank transfer fees while burdening your payroll and treasury departments with manual, tedious processing work.…
Brazil Tax System: Grey and Black List Brazil’s tax authorities have clarified the definition of substantial economic activities, which it uses to determine if a jurisdiction should be deemed to have a privileged tax regime. The clarification came in the normative ruling (NR 1,658/16) published September 2016. Countries deemed to have a privileged tax regime are included on…
Malaysia: New Companies Bill Aims to Simplify Corporate Governance, Increases Liabilities of Directors Malaysian parliament, the Dewan Rakyat, passed the new Companies Bill earlier this year. The bill will replace the 50-year-old Companies Act of 1965 and is expected to come in force by end of 2016. Here are the five key changes proposed in the Companies Bill: Incorporation gets…
A Guide for Running Payroll in Germany Germany, an active European Union member country, is also the fourth largest economy in the world. The country consists of 16 federal states which are further divided into 20 regions. Each territory has the power to impose a regional tax that can vary from 1.23% to 2.03%. Here are some important factors…
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